Replies to post #36573 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

I think the real motive behind the extra $15B in cash for Creditors payout is to give classes 10ABC and 11 a taste of cash in this bankruptcy. However, I may have it all wrong. But is sure does look like a simple Debtors solution to me. Cheers!

The availabe cash for Creditors payout is up to $80B. I do not see this as moving the POR satisfied in full point or minimum contractual payout: $65B


The die was cast for the POR on December 6, 2011 via a vote tally for $65B satisfied in full point. How can the Debtors move the satisfied in full point up to $80B without another vote tally? All I see is an extra $15B for Creditors payout, in which the POR will include classes 10ABC and 11 in the distribution scheme.

However, I may learn something new around March 30, 2014.