LEHGQ, LEHFQ, LEHJQ, are all pretty much the same as preferred equity shares with a $25 face value
LEHPQ, LBHGP, are all preferred equity shares with a $1000 face value
LEHCQ, LEHDQ, are all preferred equity shares with a $50 face value
LEHMQ, are the common equity shares
All of the above equity shares are not represented in the Lehman bankruptcy as there is not an Equity Committee.
Only LEHKQ, LEHLQ, LHHMQ, LEHNQ (Capital Trust Shares) are shares of subordinate debenture bonds, and represented by a trustee who has filed a claim against LBHI (debtors).
As with any bankruptcy, it is possible that there will be no recovery for any equity shareholders and perhaps even subordinate bond holders.
I only hold Capital Trust Shares. All of the CT's have a face value of $25.00.
All the above is my opinion, after all who would believe me anyway since I drive a 1975 Vega!