News Focus
News Focus
icon url

newflow

02/14/17 10:40 AM

#71611 RE: Jimzin #71604

Plan Trust is THE stock holder IMHO.I agree that former equities are beneficiaries of THE plan trust stock.
icon url

wayne49

02/14/17 12:19 PM

#71622 RE: Jimzin #71604

There is no more LBHI stockholders. That is true. But, there is still LBHI the entity. LBHI owns all the assets. The stock holders own LBHI. The stockholders are now in OBS with all "PRIORITY RIGHTS" intact. With that said, the plan trust do not own LBHI either. LBHI is under the chapter 11 control of the Plan Trust. The Plan Trust is executed by Weil. The Plan Trust do not own LBHI. The Plan Trust establishes a Trustee (Weil) and A BOD to execute the plan.