Replies to post #78026 on Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

JW, That is actually incorrect. ALL debt and equity in a bankruptcy can be impaired. If you look at page 6 of the disclosure statement it shows secured, unsecured, and equity as all being impaired. The Cts are the highest ranking behind class 10a that was impaired and not allowed to vote as it was assumed there would be no recovery and "deemed to reject".

Page 6.

https://www.sec.gov/Archives/edgar/data/806085/000119312511239866/dex991.htm

My job would be a lot easier if everyone would read and study the docs.