Lehman Preferred Series "J" Preferred (fka LEHJQ)

[goldstandard]

I'm still hung up on that Bloomberg article by Sterngold. Seems he may have some anonymous sources at A/M, but how could they take 30bil of assets out of the estate for LAMCO and not satisfy the legal obligations of the prospectus' relative to BK or liquidation. In other words, how can they take that money out, I assume after paying creditors provided in the "Plan" and we get nothing. Or am I just wrong or not understanding BK law? TIA