Lehman Brothers Financial SA (LEHNQ)

[BREAKER098]

Technically speaking, those were not standard Chapter 11 creditor-to-equity conversions…they were part of specific settlement or compromise proposals with structured noteholders. The Plan Trust cannot spontaneously convert into a new Lehman 2.0 or relist shares without formal action…creditors can’t just decide that distribution should now include equity in a revived entity. Go figure…