Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

I am the holder of thousands of LBHI's capital trust preferred securities on March 6, 2012 (LBHI's Plan Effective Date) and held escrow markers in my brokerage account for these securities:

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cottonisking
03/06/12 3:10 PM
Post #8038 on Lehman Brothers Financial SA (LEHNQ)
You will have an escrow cusip as a placeholder for any future distribution and the money will show up in your broker account.


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cottonisking
03/06/12 2:55 PM
Post #8037 on Lehman Brothers Financial SA (LEHNQ)
The plan states that the debtors will file SEC form 15 as soon as possible after the effective date to cancel equity.

The language in the JPM dockets(25298/25383)that we reviewed stated that the effective date was defined in the motion.

In summary and in hindsight: The JPM dockets used effective date to mean the effective date for the dockets/motions/final order and not the effective date for the plan.

However, the debtors did not announce the effective date until the form 15 was filed and coordinated the debtors news release on the day that the various brokers would take action on the SEC form 15.


03/06/12 3:10 PM