Lehman Brothers Financial SA (LEHNQ)

[marayatano]

Ding ding ding!!! We have a winner. Yes, any money above $65 billions still goes to creditors up until the allowed claims amount.

Regarding your equity question (keep in mind, I do not know the poster nor do I endorse him, however, I can tell you that equity is toast):

Capinvest63 Member Profile Capinvest63

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Wednesday, December 07, 2011 12:12:51 PM
Re: None
Post # of 10140
Spoke to Lehman Attorney Yesterday

I posted this on yahoo as well. I spoke to Tom Hummel yesterday. Pardon if I misspelled his last name. A very congenial bloke. He explained that Common Shares will be "canceled" and that there will be no equity for Common holders.

He also stated that the first date of possible cancellation is January 31, 2012. That is unless Marsal & Alvarez request an extension. However he did not think the stock would trade beyond the 3rd Q.

He said specifics to the Common Shares are the expertise of another attorney at Weil, Gotschal and Manges, by the name of Rob Lemons. I have left him a message yet I doubt that any of the information will be materially different.

Disclosure: I sold all of my 1.2 million shares yesterday.

Best of luck to all.

imo