Replies to post #51029 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

would be that they could cancel them without the liability through the Courts.
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Based on the information from Cottons post, I think JPM has the handle of the situation and LEHMAN can only temporarily avoid it by extending the stay.

I believe the case with other parties besides LBHI and JPM can be a separate money case from the negotiation.

[rlinterests]

If LBHI or JPM keep the TRuPS, they can bring them current so inexpensively, the only reason they wouldn't would be that they could cancel them without the liability through the Courts.

I really hope that is not possible. It is THE fundamental reason to hold these CT's.