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Saturday, June 29, 2013 7:45:19 PM
1. BCS is liable for damaging the value of the Lehman Estate.
2. BCS can be incentivized to assume debt and buy more of the Lehman Estate then they agreed to initially.
3. BCS is in litigation to determine the debt they will assume and will assume the debt after the litigation decisions have been made.
However, I've never seen any instance that BCS is doing any of the above yet participate in litigation for the resolution of the Lehman Broker-Dealer Acquisition only without assuming debt.
This could leave the door open for US Bancorp to pursue parts of the Lehman Estate that BCS is not interested in and that other creditors and debtors will not pursue.
mojo
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