Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

>>NOW ACCORDING TO THE AMENDMENT, FOUR TRUSTEES WILL GO AND THREE WILL REMAIN.THE FOUR TRUSTEES THEN WILL BE REPLACED BY >>LBHI DIRECTORS.
CERTIFICATE OF INCORPORATION WAS ALSO AMENDED TO ALLOW LESS THAN SEVEN DITECTORS.LBHI IS NOW IN CONTROL.

I am not sure on the entire chapter 11 process, but All of this + NOL preservation seems to be a bit much if LBHI's plan was to simply not pay all the creditors and close shop. I could be wrong, but to me personally this all seems to point to some end game reorganization.

JMHO