Replies to post #49347 on Lehman Brothers Financial SA (LEHNQ)

[camaro4me]

That is the way I see it. Has the judge already told jpm to redeem the CTs? Otherwise, what is their timeline? imo redemption is different than past divies/interest. That could still happen October 2.

[hestheman]

I believe JPM wants to pay the specified claims, whereas LBHI wants to make it part of a wider, spread out distribution to the entire unsecured "creditor body". This should not, and will not happen.....due to our status as an executory contract and due to the fact, as cotton has stated, JPM knows CTs should have been included in the assets/liabilities Barclays assumed as Lehman's successor. I am on JPM's side in this issue, as all CT holders should be.