Lehman Preferred Series "J" Preferred (fka LEHJQ)

[chapes]

I'd raise several issues with Vanity Fair like the total lack of shareholder representation by and communication from the Indenture Trustee The Bank of New York; the absense of an equity committee; the misleading and sometimes false statements and actions of Lehman management and Y & R; the lack of transparency from A & M; and finding of the Examiners Report that show how JPM and others forced Lehman into bankrupcy. The net effect is that shareholders have lost 99% of their investment and creditors who took the biggest risks and contributed to collapse of Lehman are likely to get the largest share of the remaining assets. It may also be worth mentioning that shareholders hold out hope the Judge Peck, A & M and their legal team will protect shareholder rights and help them recover their rightful share. If all goes well then maybe it would be worth discussing the same issues with Linda Sandler at Bloomberg Business Week and others who have been covering Lehman. Good luck and thanks.