Replies to post #39531 on Lehman Brothers Financial SA (LEHNQ)

[jwnoble3]

Thx Helmsman. Yes Lehman has options to preserve NOLs...

Link below is a good read (see specifically 7th or 8th paragraph down that starts with, "Corporations emerging from bankruptcy can elect out of the Section 382"


http://www.picpa.org/Content/41511.aspx

[Joe Stocks]

>>Section 382(I)(5) gives LEH the option to elect not to have the COD loss limitation apply ... Debt for equity<<

I would suggest you study section 382 a little closer as well as the Lehman POR. Lehman has no debt for equity exchange outlined in its courted order liquidation. Debt for equity should not be confused with distribution of equity.