Lehman Brothers Financial SA (LEHNQ)

[hestheman]

I ran across one of the docs (I wish I could remember the doc number) that talked about the SIPA claims/ employees and such. While that did not apply to us...I do remember Lehman mentioning that a going concern sale to Barclays was the one way to eliminate employee claims for lost wages and benefits....but they also mentioned that Barclay's assumption of a variety of executory contract obligations would avoid exposure to future counterparty claims (something along those lines). I am thinking Barclays may have already assumed CT's....and are waiting for POR discharge to begin to cure default status. Last post for the night....we'll see what happens tomm...:)