Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

If trustees (or debtors) could use rejection to rescind previously granted interests, then rejection would become functionally equivalent to avoidance. Both, that is, would roll back a prior transfer. And that result would subvert everything the Code does to keep avoidances cabined—so they do not threaten the rule that the estate can take only what the debtor possessed before filing.

https://www.law.cornell.edu/supremecourt/text/17-1657

Note: The CTs prospectuses' rights protects their holders back interest and principal on a global scale.