Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

So if I read this right March 11 is the day the Examiner tries to set the rules to release the report...which he wants the public to see.

March 15 is the last day for Debtor's reorg plan.

March 17 is last day to accept all reorg plans. (This does not seem right...does not seem like enough time. Maybe I read it wrong.

No one has any up to date information on assets/liabilities, etc.

No one has any idea of the outcome of claims.

No one has any idea on outcome of legal issues.

How can ANY class of Lehman Security from Bonds to Trusts to Preferreds to Common be cancelled? I am thinking this reorg time either gets extended again...or no one gets cancelled! Otherwise it would open up A&M to legal liability...any thoughts?