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montydog

montydog
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  • The trustee for Lehman Brothers' U.S. brokerage and the overseers of its European arm have ended a long-running dispute of claim and counter-claim after the U.S. brokerage agreed to pay the European ops $12B that the latter will pay to its creditors. The deal should speed up recoveries for Lehman's customers, as well as its creditors. [View news story]
    It's about time, especially us long - suffering holders of the "Reverse Convertible Notes", where we should at least have had the underlying stock "put" to us. If that had occurred, we would have had at least our original principal paid back to us, instead of suffering what looks like an 80% loss!

    Thank the Lord for derivatives! Always be careful about the issuing institution.
    Oct 8, 2012. 12:28 AM | Likes Like |Link to Comment
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