Replies to post #90904 on Lehman Brothers Financial SA (LEHNQ)

[goodietime]

"IMO newco will NOT be called the old name. That way if someone still wants to sue the old company, they can't because it doesn't exist anymore ;)"

Wouldn't that mean, NO NOL's?

[toogoodfella]

they can't because it doesn't exist anymore
——//——//—-/—-

“NAME CHANGE”

With the same asset, the same ownership and the same NOL, The law will only see the “name change” as a disguise.
.......It will not work that way..

It is also impossible to go different entity with a different business license without loosing a “non transferable” NOL.

Lehman will stay Lehman or a “Former Lehman” if a different name is used.

Lehman must face any unexpected law suits in the future that cannot be avoided.