Replies to post #81637 on Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

Thanks, cotton.

I get the percentages distributed and the aggregate class claims list.

Where is an LBT balance sheet?

$12.5B for 57% of the claims? That's the price? I get the valuation.

Why do they loot Lehman to pay down debt classes?

It was an LBHI Chp 11 and Chp 7 in LBI only.

The distributions were made without any matching funds by the Debtors.

And, haven't many of the Debtors been sitting at the Fed funds window as counterparties for 0% money over the years while our CTs trade with distributions re-allocated past their deferment period to higher classes?

All while Marsal claimed it was to be resolved in 2010.

It's difficult to believe they let this go on.

Regards.

[cottonisking]

LBHI has two types of preferred securities (CTs and ECAPS) and they are linked together via the CTs prospectus. The BNYM is the property trustee and paying agent for both types of preferred securities.

The ECAPS legal teams are working to correct mistakes that were made by the Debtors between September 15, 2008 and October 11, 2018 [Docket 58884]. Let the scale of justice prevail...

/s/ The common man

*** LEHNQ Prospectus

"Status of the Guarantees

The guarantee will constitute an unsecured obligation of Lehman Brothers Holdings and will rank:

•
subordinate and junior in right of payment to all other liabilities of Lehman Brothers Holdings,


•
on a parity with the most senior preferred or preference stock now or hereafter issued by Lehman Brothers Holdings and with any guarantee now or hereafter entered into by Lehman Brothers Holdings in respect of any preferred securities of any affiliate of Lehman Brothers Holdings, and


•
senior to Lehman Brothers Holding's common stock. "

https://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm