Not true. The NOLs belong to the Lehman Brothers Holdings Inc estate. They do not underwrite anything. They are used to offset taxable gains for the benefit of the creditors which would include unsub and sub debt.
Lehman has used all of their NOLs. This is what they said about their net tax liability net after NOLs. There would be no tax liability if they still had NOLs to use;
So there is that. Then LBHI added;
I know. 2Good and SWiss say something else. That's BS! You can not deny what Lehman says here.