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linda1

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linda1

Re: The Godfather post# 2786

Wednesday, 12/22/2010 4:08:02 PM

Wednesday, December 22, 2010 4:08:02 PM

Post# of 3026



Don't you think that our Trustee should have been able to negotiate at least a little recovery for Class 5?


Class 5 has $15.284 B worth of votes.


I am really surprised - under this deemed substantive consolidation - that Class 3 can take distributions made to Class 5 from other Debtors' estates that they have no claim against.


I may be incorrect but I see it as a Breach of Contract.


Our contract is with LBHI and our obligations to the Senior Notes is against the estate of LBHI only.



















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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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