Replies to post #94180 on Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

I did not join the suit yet. In a way I am happy that Rex Wu started this class Action against BNYM for Breach of Fiduciary Duties and not against LBHI. That way anyone holding CTs will not be adversely impacted anyway, once the LBHI BK is closed and the new LBHI company emerges... CTs automatically will have a seat at the table in the Equity Capital Structure, due to APR. So, we have our options open regarding any Legal avenues against 'New' LBHI, at that point, if it come to that.

On this BNYM Class Action Suit, which is a 'parallel track', If the 50 shareholders sign up and the Judge certifies the Class, you will be automatically included in the lawsuit, unless you specifically 'opt out', upon reaching of any 'settlement'. So, I will wait to see what the future unfolding of this case will be, and IF there is any 'Settlement' that is drastically Unfair, will decide at that point to 'Opt Out'....