Replies to post #84019 on Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

That was plenty of reading.

[Boss, nothing in class 10B has been asserted yet! Maybe on May 30, 2019].


IMHO the best part

And maybe !

Best of luck riding with Mr. Wu.

We shall see .................


The James gang rides again. This has been a long hard ride. Texas style.

[stockmojo9]

cotton,

Classes 7, 8, 9 all contain the clause, ". . . Claims against LBHI asserted by an Affiliate that are not entitled to a priority in right to payment over subordinated debt Claims against LBHI."

Classes 7, 8, 9 have been distributed +/- 42.5%, 33.5%, 26.8% of their claims.

Is anyone asking why Capital Trust subordinated debt payments are being re-allocated to pay Claim Classes with a lower right to payment?

Generally, in order for the subordinated notes to be paid, Claim Classes 3, 4A, 4B & 5 must be paid in full.

So, why have subordinated Capital Trust coupons (totaling $865M after 11 years from the CTs & $7.45B from all subordinated debt) been re-allocated to Classes other than 3, 4A, 4B & 5?

How is it that subordinated debt payments are re-allocated to Claim Classes with a lower right to repayment during the Deferment period or after?

What is your answer for that, cotton?

How is that not fraud & looting?

mojo

[cottonisking]

Never look back at the hearing on June 19, 2019, otherwise, you will turn into a pillar of salt.

https://en.wikipedia.org/wiki/Lot%27s_wife

***

We got the word out on our CTs. It pays to have some 1800s outlaws' DNA in your blood when riding at full gallop thru the bad lands. I guess that is why outlaws joined the Texas Rangers in the 1800s to catch other outlaws.

We did not come back with any gold, but it was a hell of a ride on horseback.

Sometimes, when you think that you lost, you actually won in the long run. Big brother is always watching the action...