Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

>> or distribute those debentures<<

Do you know what a debenture is? They did not issue "debentures" to the trust. They issue a debenture (singular), or what would be known as a unsecured bond. That bond is in default and now a class 10b claim. How do you distribute that?

The CTs themselves are no longer. The shares you own represent a class 10b claim.

One of the reasons why this bogus lawsuit is stupid. The fate of the Cts has already been adjudicated. BNYM only fiduciary duty was to get a CTs an approved claim against the estate. They did that a decade ago.