Wednesday, December 13, 2017 12:23:14 PM
There is NO connection to the ECAPS to the CTs. None. Zero. Any economic value to the estate of LBHI flows to LBHI to be distributed to creditors as to priority as outlined in the plan of liquidation. The only way this motion could benefit the CTs is if the liquidated value of the preferreds exceeds something like $160 billlion and all other creditors in higher ranking classes are PAID in full.
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