Lehman Brothers Financial SA (LEHNQ)

[DrGizmo]

marayatano re:

quote: Bottom line: Trustee files for guarantee or not, you, as a capital trust holder, would still fall under the same Class. Capital Trust's right of payment is ONLY after all other liabilities of Lehman Brothers Holdings are paid.

linda1 said quote:
The 4 Capital Trusts are grouped together with 13 other Subordinate Note Claims in Class 5.

It is not exactly known yet what the total amount of Class 5's Claims are but based on my own research my guess is it is somewhere between $ 13 - 17 billion.

All Claims in Class 5 receive distributions at the same time and it may be only 10% of Total Claim Value at each distribution.

If you deduct the $ 13 - 17 billion from the $ 101,604,000,000 then that will give you an estimate of the amount of cash needed to pay off Classes 3 & 4.

So it will be about 13 - 17% of $101,604,000,000 to pay off
class 5.

Would we be better off in this Class if the Guarantee had been emphasized?