After reading the entire 97 pages of the LBHI Docket #5514...I cannot imagine having a better position going into battle than the LEHMAN team has put together.
In addition, Docket #5531 was filed by the Unsecured Creditors committee and comes to virtually all of the same conclusions.
Suffice it to say, if you read anything this weekend...these two Dockets should be at the top of the list!
Do not take my opinion...read it for yourself. The presentation is masterful. I do not see any way that Barclays will not have to come up with $8-10B back to LEHMAN.
Furthermore, I believe that there will be some additional items added by Judge Peck that will increase the size of the money returned...because of the way everything was handled behind the courts back. It is all there emails, depositions, interviews, admissions, etc.
Read for yourself!
Enjoy the Ride!
