Lehman Brothers Financial SA (LEHNQ)

[linda1]

I was suspicious - when I read Wilmington Trust's Objection to the DS - that the value of Senior Notes as stated on the Debtors' Master List of Securities were embellished by the Debtors.


Read the following excerpt from Wilmington Trust - DOCKET # 19149 -



5. As successor Indenture Trustee under the Senior Indenture, Wilmington

Trust is a fiduciary for the holders of one of the largest unsecured claims against the LBHI estate.

On September 2, 2009, Wilmington Trust filed a proof of claim (the “WTC Global Proof of

Claim”) (Claim No. 10082) on behalf of itself and the holders of the securities issued under the

Senior Indenture (the “Noteholders”), in the range of $49,214,955,480.71 (the total outstanding

amount of securities issued under the Senior Indenture, based on information provided by the

Predecessor Trustee) to $73,162,259,495.49 (the total outstanding amount provided on the

Debtors’ Master List of Securities).



NOTICE HOW THE PREDECESSOR TRUSTEE VALUED THE SENIOR NOTES AT ABOUT $ 49,214,955,480.71 - WHILE THE DEBTORS' MASTER LIST OF SECURITIES VALUED THE SENIOR NOTES AT ABOUT $ 73,162,259,495.49.


WHAT A SWITCH - THE DEBTORS' VALUE WAS ABOUT $ 24 B HIGHER THAN THE TRUSTEE'S VALUE.