Lehman Bros. 5.67 D Series Preferred ( fka LEHDQ)

[coach tequila]

$7.6 M owed to LEHMAN is only a FRACTION OF MONEY DOLLAR GENERAL OWES to LEHMAN!

According to court docket #5304 Dollar General thinks it terminated its derivative agreement with LEHMAN last October 30, 2008...for a PAYABLE AMOUNT TO LEHMAN FOR $7.6 MILLION...

LEHMAN is requesting the court make Dollar General provide additional information...says that the $7.6M amount is only a FRACTION of the amount owed to LEHMAN!

LEHMAN in its creditor meeting said it has been notified by hundreds/thousands of counterparties that agreements had been terminated due to the default by the BK.

Mr. Marsal also said LEHMAN would be calculating each transaction to make sure money was settled properly.

I think the court decisions as of the last three weeks are serving notice that MAYBE Counterparties did not properly terminate and calculate positions.

Where is the popcorn...sit back and enjoy the movie.

Just ask Metavante Corporation they ignored responding to LEHMAN and had to pay $7M+ on a trade that they owed to LEHMAN but thought the trade had been terminated due to the default by filing Chapter 11.

More MEAT ON THE BONE!

Coach T