Lehman Brothers Financial SA (LEHNQ)

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The three points of Lehman's light that shine on Contract Law:

1)

"ORDERED that LBHI's Capital Trust Preferred Securities are parity with LBHI's Capital Trust Preferred Securities held by JPMCB or JPMCB's affiliates per LBHI's relevant prospectuses and with or without a securities holder's, prior to purchase, knowledge of and reliance on LBHI’s August and September 2008 guaranties and security agreements in favor of JPMCB’s subsidiaries and affiliates."


2)

"ORDERED that LBHI's Capital Trust Preferred Securities are parity with
LBIE's 5% redeemable Class A preference shares per LBHI's relevant
prospectuses."


3)

ORDERED that LBHI's Capital Trust Preferred Securities are parity with the
ECAPS' Preferred Securities per LBHI's relevant prospectuses and with
a securities holder's, prior to purchase, knowledge of and reliance on
the general guarantee.