Lehman Brothers Financial SA (LEHNQ)

[dhyan40]

None of the CTs prospectus allow redemption below face value and accumulated dividends.

Check all the for prospectus at https://www.quantumonline.com/search.cfm

LEHKQ LEHLQ LEHNQ and LHHMQ

LEHNQ prospectus
http://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm

LEHLQ prospectus
http://www.sec.gov/Archives/edgar/data/1083328/000104746903033240/a2119989z424b2.htm

LHHMQ prospectus
http://www.sec.gov/Archives/edgar/data/806085/000104746904010912/a2132819z424b2.htm

LEHKQ prospectus
http://www.sec.gov/Archives/edgar/data/1053521/000104746903008715/a2105395z424b2.htm

But according to the prospectus they were not supposed to defer dividends beyond 20 consecutive quarters which they have already done and nobody raised any alarm or objections nor did anyone sue them.

I guess prospectus does not apply in event of bankruptcy?

Or they otherwise are already in default deferring the dividend for more than 40 consecutive quarters