Replies to post #30726 on Lehman Brothers Financial SA (LEHNQ)

[jwnoble3]

They all voted to accept the POR, classes 10A and below were not allowed to vote and deemed to reject.

I checked with scottrade corporate and they are showing no call dates issued - FWIW.

GLTA
JW

[hestheman]

Per your post, GGP reserved their rights to reinstate or cash TruPS holders out in full. That reservation of right could also be construed as the right to assume a contract in bankruptcy, as I have said all along. Debtors may exercise that right despite the fact some higher ranking, unsecured debt classes are receiving less than a full recovery