Replies to post #85668 on Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

Cotton, Thanks very much for your comments.

Is it going to be the same for holders of US CTs? Do we need to start a Legal process against LBHI to enforce the Guarantees of the CTs? TIA & GLTU!

[Argus63]

No problem my pleasure. Cheezie couldn't find it so I had to!

;)

GLTA

[cottonisking]

Follow the yellow brick road or wait on a percentage payout with NOLs!

1) *** Language from CTs' prospectuses

"
•
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.


The guarantee will not place a limitation on the amount of
additional senior debt that may be incurred by Lehman Brothers
Holdings."

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


Follow the green brick road and get a full payout for your TIME!


2) *** LBHI's specific language from a CTs' holder (A remix)

•
on a parity with the most senior preferred or preference [LBIE's 5% class A preference shares] stock now or
hereafter issued by Lehman Brothers Holdings [and LBHI's unlimited liability branch, LBIE] and with any guarantee [LBHI’s August and September 2008 guaranties and security agreements in
favor of JPMCB’s subsidiaries and affiliates]
now or hereafter entered into by Lehman Brothers Holdings [and JPMCB] in respect
of any preferred securities [ LBHI's CTs held by JPMCB or JPMCB's affiliates] of any affiliate [by way of "control" or ownership, SEC rule 405] of Lehman Brothers
Holdings, and


•
senior to Lehman Brothers Holding's common stock.


The guarantee will not place a limitation on the amount of
additional senior debt that may be incurred by Lehman Brothers
Holdings.

3) Monitor case 19-cv-06397