"The [LBHI CT'S] receiving a creditor recovery is a low probability proposition. However, there is a possibility that the [CTs] can be converted into new equity representing the various profitable operating remnants of Lehman to take advantage of the $50 billion-plus net operating loss that is leftover. … The most logical move forward would be to create a public traded company that would take advantage of the NOLs leftover from Lehman …. This would give former equity, including the [CTs], a stake in the newly formed company.
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