Lehman Brothers Financial SA (LEHNQ)

[marayatano]

CT being a hybrid of equity and debt is a misconception. They are class 10b, period. Has nothing to do with class 12.

Prospectuses are only a guide line. BK trumps prospectus.

The POR states that all allowed claims are to be paid in full. After the consummation of the plan, any creditor unpaid will be discharged.

Example: If there is only 18% paid on seniors claims, then the balance of the 82% of the seniors is discharged as well as sub bond, and all of equity.

imo