Replies to post #14597 on Lehman Brothers Financial SA (LEHNQ)

[catdaddyrt]

Notice of Second Distribution Date
PLEASE TAKE NOTICE that in accordance with sections 1.48 and 8.3 of the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and its Affiliated Debtors (the "Plan"), the second Distribution Date shall be, and Distributions under the Plan shall commence on October 1, 2012.

soon grasshopper soon we will know our fate

[penny4dollars]

My take is that the creditors agreed in court to 65 billion that is "satisfied in full". The rest of the billions owed is "paid in full" So lehman will "satisfy in full" but not be "paid in full" I probably have this backwards, any thoughts?

[hestheman]

Exactly....LOL. I wonder how many times this board will go over the paid in full conundrum? I think I answered it about a thousand times after getting the answer from someone that read the prospectus for me and knew the answer right off the bat.