Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

If there was fraud, looting and concealment, it impaired the CT shares bought after 2008 BK filing and before the 2011 POR ratification.

The owners of those shares can file the grievances.

In my settlement hypothetical, I make provisions for those shares to be settled constructively.

I also believe the CTs bought after should have a constructive settlement as should the OBS since the NOLs support the valuations based on income preserved from tax payments in the event of fire-sales and liquidation.

This is part of the POR signed off by the Court, Estate & Legal Representatives.

It could have gone other ways but didn't.

It seems this is the only way the Courts will move forward now.

So, if they're going to liquidate and wind it down, do it and settle the CTs and OBS out of the tax savings.

The other $8.914B in subordinated debt aren't equity and aren't our problem.

Good luck.

mojo

P.S. - I'm pleased to hear Mr. Fail was respectful to Mr. Wu et al who filed the Motion & Joinders. Maybe he is learning to be polite.