Lehman Brothers Financial SA (LEHNQ)

[penny4dollars]

I was always wondering if we were to recieve stock and not cash equal to "former relative prior and economic entitlements" So on the effective date, when this occurs all old securities will be cancelled, maybe wishful thinking or we all have tax right off.
"One share of Plan Stock, which will
represent all issued and outstanding equity
securities of LBHI, will be issued to the Plan
Trust who shall hold such share for the benefit
of the holders of such former equity securities
of LBHI consistent with their former relative
priority and economic entitlements as holders of
LBHI’s equity securities. Each holder of an
existing equity interest of LBHI shall neither
receive nor retain any property or interest in
property on account of such equity interest
other than the Trust Interests. The Trust
Interests shall entitle their holders to receive
distributions with respect to the Plan Stock
pursuant to the Plan."