Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

I have spent this morning reading the Aug 26 court transcripts that get post on teh creditors committee website www.lehmancreditors.com

A couple of things stand out that have not been in the media. An investor can gain alot of insight by reading what was said and how the message was delivered IMO.

For example, Judge Peck has urged all parties to come together to hammer out a resolution for settling the derivatives pricing and potential conflicts on the 900,000 contracts.

He gave all parties more time to settle conflicts until Sep. 15. However, most importantly he took Lehman's side and told everyone that there will be a protocol for derivative pricing and resolution. If the parties cannot agree then it will come down pretty much as proposed by Lehman!

More to come...

Coach T