Lehman Brothers Financial SA (LEHNQ)

[hestheman]

http://www.ukmediacentre.pwc.com/News-Releases/PwC-announces-second-interim-dividend-for-Lehman-Brothers-International-Europe-of-43-3p-in-the-1-13ea.aspx In their last progress report, the administrators commented that at the upper end of their expectations, there eventually could be surplus funds available after unsecured creditors are paid in full. The ECAPS are basically like the Euro version of our CTs...and they are a European creditor which stand chance of being paid in full. In fact, I think our CTs would outrank them as the ECAPS belong to a subsidiary. At the least, we'd rank on PAR but we must be paid before, or at the same time as those securities are being paid. Lehman may be preparing for this by paying our CTs in advance....knowing this situation lies ahead, rather than letting interest accumulate.