Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

Sounds like Moody's is downgrading some of the Structured Products that now have to get in line with other Lehman unsecured creditors because of the ruling by Judge Peck that funds from liquidated Structured Products goes to Lehman first not to stakeholders of the SPV.

Prior to Judge Peck's ruling...the money would have gone to the SPV stakeholders direct. More money for the Lehman pool!