Lehman Brothers Financial SA (LEHNQ)

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How does BCS get specifically identified as the Successor Obligor especially when their attorneys are in Court arguing to Peck that Barclays bought the Broker-Dealer business in Chp 7 and not the Lehman parent?

Answer: Over night after the Lehman Brothers North American Operations purchase! Barclays is correct, on a particular date and time Barclays did buy LBI which has been under liquidation since 2008. Barclays acquired Lehman Brothers North American Operations subsequent to purchasing LBI!