Perhaps I THINK something may give here, and soon. Just a feeling and my humble opinion. The bashers are relentless and more active than ever. Lehmans lawyers and Peck are keeping everything under a tight lid, as long as they are able. The disallowed, withdrawn & settled claims combined are so substantial that it could change everything drastically over night once all the deals are made public. Why else are some Lehman claims being sold as high as 1.4??? Is this just crazy coincidence or do I smell a payout? ALL IMO - GLTA
I believe you are getting the 2016 date from the Dodd-Frank bill that says CTs have to be sold by then, beginning in 2014. But worst case, in a liquidation, CTs will start being paid off within 5 business days of March 30, 2014, in par with senior preferreds.