Replies to post #2309 on Lehman Brothers Financial SA (LEHNQ)

[linda1]

Yes - that is what I am thinking as well as to what Mr. Marsal meant by an economic compromise from subsidiaries to the LBHI estate.


However - there are - for example - LBI senior subordinated noteholders that are not likely to receive a recovery against the LBI estate due to higher priority claims will be taking all of the assets - and their dual guarantee claims against LBHI are listed in Class 7 with a 14.7 % recovery.



And so I think acquiring an agreement among Classes 7 & 8 creditors to cut their percentage of recovery when there are varying percentages of recovery among the creditors of Classes 7 & 8 will not be easy.



In any event if there are compromises made to the LBHI estate it is only fair that a compromise be made to Class 5 - even if it is not likely to happen - unless our Trustee is a great negotiator. LOL