Replies to post #85769 on Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

The OBS was created to protect the NOLs through the liquidation process. That is made very clear in the disclosure statement. No other reason. They received approval from the IRS to do that, plus not take cancellation of debt until the liquidation is over which will wipe out the remaining NOLs. Like the company has said, all NOLs will be utilized by the cancellation of debt