Lehman Brothers Financial SA (LEHNQ)

[goodietime]

"Note: Fresh start accounting requires the Lehman Brothers Reorganized Debtors to be insolvent on September 15, 2008 and old equity must own less than 50% of Successors new equity."

?? " and old equity must own less than 50% of Successors new equity."??

I believe in WAMU's case 'old equity' needed to KEEP MORE THAN 50%.