Lehman Brothers Financial SA (LEHNQ)

[Vincentius]

yes, another good point. I remember when I read about the treatment of equity with this one share business, and it just didn't make sense to me then. why does the debtor want to preserve equity? i suspect that there are lots of hidden assets. which i believe is good news for equity. i was suspicious then, and i still am.
its a great objection, and the US Trustee has brought up some real issues that need to be addressed. The debtors might file a response to this, or even update the DS/Plan.
regardless, im looking forward to the DS hearing.

page 20, footnote 6,
"It is recognized that the Disclosure Statement provides that the existing stock and other
equity interests in one Debtor, namely LBHI, will be canceled on the Effective Date.
Disclosure Statement at X.C.2.a. The Disclosure Statement, however, also provides that
the holders of the “old equity” in LBHI will hold the same interests in the new Plan Trust
Stock in LBHI consistent with their former relative priority and economic entitlements.
Id. Thus, the former equity holders of LBHI will still hold equity in the new stock of
LBHI."