Lehman Brothers Financial SA (LEHNQ)

[4Duxs]

TY Too, in layman’s terms it appears the Debtor, Lehman, did the appropriate filings to preserve the NOLs. They discussed this process with the creditors at the time and gained their approval to file for use of the NOL in the future for the benefit of the remaining company “ debtor”. There are restrictions that the company remain in a pre-described corporate entity to use the NOL.
In effect, the NOL are available to the debtor if it emerges from Chapter 11 in a pre set organization entity.
Am I deciphering the legalese correctly?