Replies to post #28184 on Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

winner,

Got it.

This states the 10B Class of Claims is $10.343B and estimates at 14.9% settlement rate.

If the CT Claims were re-allocated to Class 3 Senior Unsecured, they'd receive the same amount of 14.9%.

I'll be reading the document.

Any other information you can share?

mojo

[romang]

Thank you for the link just what I was looking for. Really appreciate it!

My problem still is even with more money coming into the estate they will just keep sending money up to higher creditors. I think the 14.9% is being Misinterpreted.



sub debt relocation (5)
5 Pursuant to Subordinated Note underlying agreements, distributions are reallocated to specified classes senior to the Subordinated Notes.


In millions

class 3 Senior Unsecured Claims $1,015

class 4A Senior Affiliate Claims $634

class 4B Senior Affiliate Guarantee Claims $98

class 5 Senior Third-Party Guarantee Claims $446


Also class 10B Subordinated Class 10B Claims
sub debt relocation is (1,485)