Lehman Brothers Financial SA (LEHNQ)

[StockJoker]

The trust I hold is in LBHI and within LBHI's structure only..Its junior only to the Senior debt in notes. To my understanding they are not paying off the senior debt entirely..Meaning full redemption...The only note structure once the senior debt is gone...Is the junior debt...With a Common and preferred..JPM holds the common and Bank of New York holds the preferred as Trustee.

My claims is handled by Bank of New York as they are Trustee to my claim.


of the 228 billion allowed claims for LBHI...10.2 billion was paid
which came to 6.02% of the allow claims to the Seniors..Roughly
614 million.

I wish I could find the figure for once the Seniors will be payed in full of the 100% allowed claim given to them.
Is the allowed claim full redemption?

My Trust is in 10B. The Seniors are in Class 3...The payment that was going to be paid to Claims in class 10b has been given to class 3 since class 3 wasn't paid in full ...If I understand correctly as to what happen during this first payout