Lehman Brothers Financial SA (LEHNQ)

[zulual]

“ 4) The Debtors and Trustee(s) failed to allow the CT's Guarantee Trustee to have a structure to file a claim for the CT holders under their Guarantee Agreement. “

Maybe JPM did not have to file any claims on behalf of ECAPS and CTs, cause the principal and certain amount of interests were all on JPM’s hands. Upon Lehman’s BK, only Lehman would chase JPM for those collaterals. Luckily, looks like JPM won the lawsuit due to binding contract which were set up before BK.
We just don’t know how the next steps for JPM and LEHMAN will form this reorganized new company. IMHO