Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

>> If the guarantee trustee fails to enforce the guarantee trustee's rights under the guarantee, any holder of related preferred securities may directly sue Lehman Brothers Holdings to enforce the guarantee trustee's rights under the guarantee without first suing the trust, the guarantee trustee or any other person or entity.<<

In this court case, the judge may ask you why you did not sue within a timely manner. Within the statues. Obviously the Cts were not getting dividends from 2008. Lehman was not making interest payments to the trust. Don't you think that someone holding the CTs and equally ranked paper would have sued if they had a case.

What has changed since that you feel you have a case now, 13 years later? Lets say, according to you, that LBIE and Neuberfer Berman were paid. They were paid before more senior debtholders than the CTs under LBHI. Why wouldn't the court say THEY were incorrectly paid and two wrongs don't make a right.

You guys are not hearing anything from REX because he/they have no case.