Replies to post #17405 on Lehman Preferred Series "J" Preferred (f

[Argus63]

Customers, including banks and hedge funds, would be paid in full, he said. Jake Sargent, a Giddens spokesman, wouldn’t say if the trustee had set a date for the first payment or how big it would be. “The size and timing of distributions depend on finalizing this agreement in principle, due process for all parties and court approval. The trustee is focused on moving efficiently through this legal process to clear the way for distributions,”