Lehman Brothers Financial SA (LEHNQ)

[Jimzin]

Hi Cotton,
Does this mean...

"the (senior debt) holders of a majority in aggregate principal amount of the Securities of such series Outstanding may on behalf of the holders of all the Securities of such series waive any past default (accept the 18 cents on the dollar as payment in full)[color=red][/color] or (BK negotiated settlement)[color=red][/color] Event of Default under the Indenture with respect to such series and its consequences, except a default in the payment of interest, if any, on or the principal of, or premium, if any, on any of the Securities of such series."

This is the BIG news...right?

Cheers