Lehman Brothers Financial SA (LEHNQ)

[linda1]

First of all - the Plan of Reorganization has not been voted on and approved as yet and the Judge has yet to approve procedures for filing Objections to the Plan.


Not quite - it works out to about 83 % of their Claim Value.


How the distributions work is in this way -


Since Class 3 is receiving 2 distributions it will attain a full payout before Classes 4, 6, 7, 8, and it is when Class 3 is paid in full that Class 5 can start receiving their distributions.



Class 3 - receives 2 distributions - 1 from Class 5


Class 4 - receives 1 distribution


Class 5 - receives 1 distribution - and is reallocated to Class 3


Class 6 - receives 1 distribution


Class 7 - receives 1 distribution


Class 8 - receives 1 distribution







Class 8 - receives 1 distribution