Lehman Brothers Financial SA (LEHNQ)

[The Law (f/k/a emz)]

Hey Blue- Got your PM- This is nowhere near my area of expertise, but having lived through the Lehman Heydays and Collapse, I do have some educational interest here and reached out to the head of my Bankruptcy group. His take (without in any way looking onto the "merits" of the Claim) is that the Class- Action is an action for "monetary damages" plain and simple- has nothing to do with Bankruptcy status or any attempt to exit/emerge from it. In plain English, some Lawyer is saying that BNYM's failure/breach of fiduciary duty in its role as Trustee/with respect to securing the annual Certificate has "cost shareholders a shitload of money"- whether this is true or not is anyone's guess, but if so, the ultimate beneficiaries of any Monetary Award/damages would be, in theory, the Shareholders affected/that join in the Class Action. BIG CAVEAT- IN MOST CLASS ACTIONS, THE LAWYERS AND LEAD PLAINTIFFS GET THE LION'S SHARE, WITH THE BLANCE SPREAD WIDELY OVER THE REST OF THE CLASS (LIKE THE FREE BURGER AND SHAKE COUPONS FOR US PEONS FROM MCDONALDS YEARS AGO IN SETTLEMENT OF A CLASS ACTION OVER THE MOMOPOLY GAME WHILST THE LAWYERS GOT MILLIONS, LOL).

PEACE AND HAPPY HUNTING AND TRADING AS ALWAYS!