Lehman Stock owners should have banded together and got an "EC" and fought for their rights, unfortunately each looked fo their own self-interest and did not do that...If they got an Ec, at least they would have fought in the Court to force the Creditors to "Share' Power' in the Liquidation and would have forced the Court to impose 5-year Limit on the process! This is what happens when only one party (The Sr. Creditors) "Take Over" the Process and Milk 'Every Penny' for "Their Own Benefit", without any Regard to the Common Shareholders, who they put in a "Plan Trust", with the SOLE Intent to "Server their Own (The Sr. Creditors) interests...
Yes, there is chance that the Plant Trust may 'Terminate' earlier if All anticipated Recoveries materialize earlier...But Going by this Filing, it looks like the "Plan trust" (Read as the "Sr Creditors" Administrators) will Take Their Own Time and the "Lawyers" will Milk every Penny they can, Till Cows Come Home Because They Are Being "Allowed/Blessed" by the BK Court to do it! It is such a Despicable "Incestual relationship" between the SDNY/DE BK Courts and the Law Firms that 'handle' Bankruptcy Cases....
Its a Very Disappointing News...
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