Replies to post #97341 on Lehman Brothers Financial SA (LEHNQ)

[highwaymap]

The CT's Covenants got disallowed and expunged by Judge Peck back in 2011. Don't you get it, we no longer are protected by our guarantee because the guarantee claim was disallowed and expunged.

I agree our Guarantee is a beast and the covenants are solid. We had a conditional discharge which guarantees us payment. We had a solid BK busting parity provision. But all that was disallowed and discharged. Rex is trying to fix that now.

My problem is not with the guarantee. Its with the guarantee being disallowed and expunged.