Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

"The Plan Administrator said, "I needed to have relied on the June 9, 2005 Board of Directors' General Guarantee parity with ECAPS' clause in the prospectus when I purchased my CTs."

Cotton, Thanks again for giving more details of the hearing. When the Plan Administrator responded to the Court with the above statement, did the Judge not give another chance to respond back to the Plan Administrator's statement? Since the Plan Administrator/LBHI shutdown the ECAPS Trust before the POR was approved and became operational, how were we supposed to know that there existed the ECAPS securities in the mix with which the CTs had Parity, per the BOD Guarantee in the Prospectus? We did know that they were Senior or at same Parity of any Preferreds issued by Lehman either before 2005 or after that, based on the CTs prospectus.

TIA & GLTU.