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Re: VivaLasVegas post# 5208

Friday, 02/27/2009 4:28:19 PM

Friday, February 27, 2009 4:28:19 PM

Post# of 10370
LEHKQ, LEHLQ, LHHMQ, and LEHNQ are unsecured creditors in the bankruptcy with Bank of New York representing our interests. Here's an excerpt from a WSJ article.
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It is too early to say how much Lehman creditors will recover in the bankruptcy process. Unsecured creditors have asserted in court filings that they are owed about $200 billion. The bond market is projecting a recovery of about $20 billion, or about 10 cents on the dollar, for these creditors.

Lehman's large unsecured creditors include the federal government's pension-insurance arm, the Pension Benefit Guaranty Corp. The group also includes the Bank of New York, as trustee for the bondholders, and the German government's depositor-insurance arm.

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Source: http://online.wsj.com/article/SB123050916770038267.html?mod=todays_us_page_one

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