Lehman Brothers Financial SA (LEHNQ): >>>Legalese. I don't know...

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Joe Stocks

Re: stockmojo9 post# 84276

Sunday, 06/09/2019 2:24:43 PM

Sunday, June 09, 2019 2:24:43 PM

>>>Legalese.
I don't know what it means or why it is contained in the prospectus.
I'm not sure but it seems fraudulent to me.<<<

LOL! That gave me a chuckle. Being a businessman those pesky legalese things have been a hindrance my whole life.

>>Then why would they be Class 10B? Why not behind Common at Class 12? <<

Class 12 is equity. Class 10B is junior subordinated debt.

>>By the way, LBHI is one of 5 entities remaining in BK so you're wrong there, too.<<

No. Lehman did exit BK. The Modified Plan of liquidation order the liquidation and wind down of all units. The units that are no longer being reported have been wound down to nothing and are now closed. The five that remain will eventually do the same. Lehman exited bankruptcy basically with an order liquidate and wind down to go out of business.

https://www.npr.org/2012/03/07/148113603/lehman-exits-chapter-11-to-pay-creditors

https://www.mhlawyers.com/news/lehman-exit-vindicates-ch-11-process-experts-say

Joe Stocks