Replies to post #94168 on Lehman Brothers Financial SA (LEHNQ)

[goodietime]

Wouldn't the Company need to make an Official Statement about that?

[IronMan123]

It is a catch 22 situation. If the class situation is certified and paid they may be the only ones to receive money and the rest of the CT holders could just be OUT OF LUCK. BUT your view holds true as well. WHAT TO DO, WHAT TO DO? Sign don't sign.

[AKAPAK]

There is always an "opt out" clause before accepting payment.

And besides, is the class action suit going against Lehman not paying us or the Trustee not performing their duties?

IMO, not legal, but think this will not be part of the BK court.

What have you got to lose by going after the crooks. one way or another?

[Docsavag]

While the issues here are related, they are not one in the same. The suite, I believe, is going after BNYM for not performing their fiduciary duties. It is separate, in my opinion, in stating that Lehman BK has an obligation to pay the CTs based upon the prospectus. Not a lawyer, but this stands to reason that they are different situations.