...Parity .0001
...Well the reading "make any payment of principal, interest or premium, if any, on or repay, repurchase or redeem any debt securities of Lehman Brothers Holdings that rank on a parity with or junior in interest to the
junior subordinated debt securities or make any guarantee payments
with respect to any guarantee by Lehman Brothers Holdings of the debt
securities of any subsidiary of Lehman Brothers Holdings if such
guarantee ranks on a parity with or junior in interest to such junior
subordinated debt securities, other than"
IMO
Has been Violated-perhaps. Note this is Water Fall II which implies they paid out to creditors two previous times. I didn't ever here that LBHI was given or a recipient of those previous funds. We were the Senior secured since we created the Funds and the organization we belong to ..which is the partnership. IMO Law suit anyone??
Sincerly s404
Happy yadayada
I miss my Preferreds