Lehman Brothers Financial SA (LEHNQ)

[highwaymap]

If the guarantee is reinstated, I would expect the same return as the highest paid senior preferred shares paid to the parity affiliate in accordance with the parity provision.

Or

The highest claim in accordance to the covenants

Or

In acordance with the terms of the Guarantee

This would mean the 4Ws won.

All I know is Neuberger Berman redeemed all their preferred stock after LBHI filed for BK protection.

If you research on sec.gov there are many affiliates who redeemed their preferred stock.