Lehman Brothers Financial SA (LEHNQ)

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The price went up substantially as time passed. Someone did not do their homework. The treat of the covenant coming to light should be enough for LBHI to find a settlement. Wu was for under a 1 mil in awards. Waske is for over 70 million. Now, the covenant is for all the marbles 1.2 billion.


The covenant is worth 1.2 billion because all the stocks issued by LBHI's subsidiaries had to add up to more than 1.2 billion.