Lehman Brothers Financial SA (LEHNQ)

[Jimzin]

Lets not forget guys...LBHI equity shares have been canceled...fully canceled.
BUT, we have the very very unique "replacement" situation where we maintain our "former rights of payment" as equity holders...now we all hang out together inside that ONE single share.

Is it common for a bankruptcy to cancel equity and then maintain their former rights of payment?
I haven't been in many BK's but i've never heard of anything like that in the business world. It appears Equity is being cuddled in this BK...I hope it's for all the right reasons at the end and not just a poke in the eye.