Replies to post #90273 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

The CTs are not dischargable.
——//———//—-/

We don’t see if it is discharged until POR is closed. Which I don’t think so.. Guarantee stays.. contract (prospectus) cannot be easy to modify or replace. “PROSPECTUS IS A CONTRACT”

[newflow]

They have, if they are not,the property trustee should force them to do that.As per prospectus, if they fail to do so, CT holders should sue LBHI.

"
if the failure of the trust to pay distributions is attributable to the failure of Lehman Brothers Holdings to pay interest or principal on the junior subordinated debt securities, sue Lehman Brothers Holdings for enforcement of payment to the holder of an amount equal to the aggregate liquidation amount of his or her preferred securities."
Page 9
https://www.sec.gov/Archives/edgar/data/1083328/000104746903033240/a2119989z424b2.htm