Lehman Brothers Financial SA (LEHNQ)

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VivaLasVegas: Tort Quick Pick,

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tort
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nounLAW
a wrongful act or an infringement of a right (other than under contract) leading to civil legal liability.
"public nuisance is a crime as well as a tort"


What are the four 4 elements of a tort?
The Four Elements
The presence of a duty. We all have a duty to take steps to prevent injury from occurring to other people.
The breach of a duty. The defendant must have failed to live up to his duty to prevent injury from occurring to you.
An injury. You were injured.
The injury resulted from the breach.

New York Breach of Contract Damages:

https://www.steptoe.com/images/content/2/0/v2/209139/New-York-Breach-of-Contract-DamagesECO73244.pdf

The CTs' price and rights behave like the CTs were cancelled since March 6, 2012 the same day LBHI assumed their 1996 Subordinated Indenture. See Stockmojo9 letter again.

LBHI can distribute the CTs' junior Subordinated debentures to the CTs' claim holders as of March 6, 2012 or to the outstanding CTs holders but not to both groups.

We need clarity from Judge Ronnie Abrams and the Courts.