Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

As I’ve been saying theirs no difference in anything from 2012 (when distributions started) to now. Nothing has changed. Whatever lawsuit is filed now is technically a lawsuit in 2012. Meaning the basis of any lawsuit only considers the years 2008(year of bankruptcy) to 2012(when distributions started)

Their is no ECAPS basis because ECAPS 4-5 distributions which are class 10a and guaranteed by LBHI are re distributed to higher classes. ECAPS 1-3 are guaranteed by LBH plc which is how they won a right to payment.

CTs cannot be reclassified. the time to do that was from 2008-2012. Anything pass the 2012 date would modify the plan which can’t be done under law. Even if CTS won a right to payment, their proceeds would be distributed to higher classes until satisfied in full is reached.

A lot here still don’t understand the logic and law of the plan they’ve been reading for 10+ years.