if they try that, I am sure the responsible parties are WELL aware they would instantly face a gigantic class action by ALL LONGS on principle alone. Any high powered law firm would take it on contingency since they can use the Ecaps as a very strong argument. Nevermind the to date ignored guarantee.
have you took into consideration that LBIE announced their creditors would be paid in full with possible interest 6+ years ago? and in 2020 they were just able too recieve the payments? And ECAPS only received divies. Also the ecaps didnt get paid unpaid divies because the trustee fought, they avoided being paid in new stock because the trustee fought. Also the trustee didn't fight for ECAPS how you are putting it, LBIE announced a surplus and everyone wanted a piece of the pie so they had too see the fair way too distribute it.
So if you were a creditor of LBIE you would have known what was happening in 2014
meanwhile LBHI is still going.
I still believe debt will convert too equity in some way shape or form.