Replies to post #45091 on Lehman Brothers Financial SA (LEHNQ)

[robigus]

The way I read it is that classes 1-9 get their minimum amount due to them, then classes 1-10 begin receiving equal percentage amounts in the remaining distributions.

Classes 1 & 2 are Paid in Full so they are done.

Now Classes 3 through 10B should continue/start receiving their Pro Rata Share.

(Classes 5 and 9A will have a portion of their distribution (Plan Adjustment of 20%) given to Classes 3 and 7, but that doesn't concern us.)

Classes 10A and 10B will also receive Class 10C's Pro Rata Share until 10A & 10B are Satisfied in Full. Which in our case, Satisfied in Full should mean Paid in Full because we did not agree to only accepting a percentage of our claim.

Then Class 10C will start receiving its Pro Rata Share until they are Satisfied in Full.

Then Class 11...until Satisfied in Full.

Finally, Class 12 "may receive its share of any remaining assets of LBHI consistent with such holder’s rights of payment existing immediately prior to the Commencement Date."