Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

cotton,

<<The ECAPS may suck up a ton of cash from LBHI's creditors or fund LBHI's Plan Trust for equity holders!>>

Will the CTs go by way of LBH UK?

The problem will be LBHI recourse as the parent unless they agree to let LBH UK assume the Capital Trust with the subordinated debt and hold it harmless for any further claims.

All remaining litigation, including RMBS & Credit Suisse litigation.

Wouldn't that be some fresh air?

They may even contribute a nominal amount to help re-instate the CTs and "bow out" of all UK operations.

I hope they do. The DIP operations of LBHI have proved to be nothing but liquidating looters as a Chp 11 that was supposed to be for re-organization.

Otherwise, I doubt the UK LBH will go along and there will continue to be fights in the Courts.

mojo