Lehman Brothers Financial SA (LEHNQ)

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Part 2, this is what we want:

The objection can highlight how the extension disproportionately affects certain beneficiaries, especially if the original plan established different tiers or classes of beneficiaries.
Harm to lower-priority beneficiaries: While some senior creditors may be receiving periodic distributions, lower-priority beneficiaries who received stock in the Plan Trust are left with a non-transferable and illiquid asset. The extension of the trust perpetuates this inequity by continuing to delay the final resolution for these beneficiaries.
Lack of transparency and communication
The objection can point to any alleged failures by the trustee to provide timely and comprehensive updates to beneficiaries. This aligns with the trustee's fiduciary duty of disclosure.
Inadequate reporting: Demand a full accounting of all trust property, income, and expenses. The objection can assert that the quarterly financial reports filed by LBHI are insufficient for beneficiaries to make an informed decision about the extension.
Suppression of information: If beneficiaries believe the trustee has withheld material information, this can be raised as a breach of duty. The objection can demand that all relevant information regarding the assets, pending recoveries, and costs be made available.