Thank you!

Solve the problem from the bottom up. All of LBHI's Senior Creditors' are 99.9% satisfied in full. Review the remaining percentage payouts.

Cheers

I am having trouble finding the Classes of each LBHI creditor and the % they have been paid thru LBHI PT 28th distribution It took place 4 April 2024. Do you have anything besides the 28 March 2024 notice I could see the updated classes and their distributions/claims %?

Thank you!

All of the Lehman Group Senior Creditors' received 99.9% or 100% of their cash ($250 Billion plus) from the Lehman Brothers' Bankruptcies, then the car has a $500 million flat tire and they lose or delay the race for years and years. The CTs Holders' want their cash now! Damn Shame

My partner in our LLC is a Canadian perm resident. Unfortunately I believe you cannot without perm residence or citizenship. Maybe see if you can set up a Canadian corp similar to how people set up Wyoming LLC to open bank and brokerage accounts in the USA? Remember, so long as it's legal - you have a right to access markets just like foreigners do in the US banking and brokerage institutions. :)

Can us citizen open a canadian stock investment account?

seems like vol picked up a bit since it was dead in Nov Dec Jan. That's interesting - also filling thru Canadian retail brokers was seemingly impossible. They prob wouldn't fill me if I had bids in. I quit trying to buy more in Nov - October thank god was amazing. 4,000 shares filling at a time good liquidity then just vanished.

2550 KQ’s; 200 MQ’s. Somebody can buy some……..

About LBIE v AGFP appeal - the plaintiff's case winning it's appeal of the upheld ruling by the Appeals Court - First Division in NY is important for the entire future of derivatives and ISDA swap agreements - here's my take. Lehman HAS to win, or the future of ISDA swap agreement contracts will be either pointless and at worst cause rampant legalized precedent of CDS dealers to scam their counterparty in the event the CDS need be paid out when the market has shifted (as it did in 2008). Imagine paying your insurance premiums for years and when it came time to cover the cost of your burnt down house the insurance company could legally say you actually owed THEM money and statutory interest for each day you refused, while leaving you with $0 to repair or build your new house. Exactly what this case is about:

The ruling in favor of AGFP would make the entire ISDA swap agreements process in the future pointless should another CDS seller once the CDS position was valuable enough like Lehman's in 2008-09 the seller could just subjectively say they don't owe the agreed upon $$$ at the time of the agreement (for Lehman it was 2005) and thus, why would any ISDA agreement be made where paying premiums to a CDS seller for years could just be thrown out when the CDS seller is liable to pay out the purchasing party (like Lehman)?

Lehman's lawyers are smart in arguing that this type of ruling for AGFP would create a precident in court for any CDS seller to reneg on ISDA agreements when they became liable to payout the purchasing party of their swaps and then have their bogus and subjective valuation of the position be upheld if the purchasing party of CDS took an AGFP-like party to court for violating the agreed terms of the ISDA agreement they made when entering the agreement.

Not that hard to understand. If this is upheld in court, any CDS seller can reneg on the ISDA swap agreement terms and valuation methods to payout/or demand $ (like AGFP) leaving the CDS purchasing party S.O.L. and basically allowing ISDA agreements to become pointless. Obviously this is a problem because this ruling being upheld would allow anyone else to use this as a precedent to rip off any CDS buying party that entered into and ISDA swap agreement with a CDS selller. Which is, simply put, a catastrophic problem that encourages ripping off any institution buying CDS.

Looks like we got the appeal filed by LBIE's lawyer Andrew Rossman of the #1 ranked/most feared firm Quinn Emmanuel from 4/15/2024:

" NOTICE OF MOTION W/SUPPORTING DOCUMENTS INCLUDING EXHIBIT(S) (Motion #1919) *Corrected*[
Notice of Motion for Leave to Reargue or Appeal w/ Supporting Documents Including Exhibit(s)"

(total size of the PDF filed 4/15/24 is a whopping 82 pages - there's 26 new pages for the appeal proposed to be heard May 6, 2024 or for the review of the Appellate Court to rule in favor of the plaintiff. Appears these 26 pages are the supporting documents and the exhibits are the first two court rulings from 3/14/24 and 6/30/23 (NYC Supreme Court's first decision in favor of AGFP after 12 years of that case in court!)
.
Interesting to note, Quinn Emmanuel- despite being the most feared law firm by lawyers on the other side of the case for 5 years straight and basically being the best you could ask to represent us ("LBIE") has added another law firm and 2 more lawyers from DORF NELSON & ZAUDERER LLP on this motion to appeal. Whatever the case I sure do love the way Quinn Emmanuel is not giving up on LBIE's case as Lehman has a right to be paid the $$$ owed under the ISDA 1992 swap agreement contract rules having paid all premiums to AGFP and never being paid out for their CDS position when shit hit the fan in 2008/09. This is a good thing. Common sense has to prevail eventually with AGFP's non ISDA 1992 swap agreement compliant "alternative valuation" for Lehman's CDS' payout... One would think. Which is why Quinn Emmanuel and the lead lawyer Andrew Rossman who filed this motion on 4/15/24 would be going so relentlessly at getting this win. Seems necessary to come out of the CH 11 regardless since it's a good 500-7 Billion in possible fudging of CDS payouts Lehman was actually owed that never came while AGFP as a subsidiary of Assured Guaranty Ltd both continue their businesses to this day.

SRC: https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=0uV5biQmdfK3n7Dyhow9zg==
Entire Appellate Court documentation: https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=nBhmPgrlziYnQ3JvgTtW2A==&display=all

Looks like the 12 April 2024 31st progress report on both LBIE (and mentioned in LBH PLC's 31st progress report on the same date) was correct that the decision in favor of AGFP being upheld on 3/14/24 by the Court of Appeals - First Division in NYC would have a motion to appeal filed by Rossman and Quinn Emmanuel on behalf of LBIE in an attempt to win this case. Good to see so fast:

From 12 April 2024 PwC UK 31st report on (LBIE) for 15 Sep 23 to 15 Mar 23:
[Page 4]

The more time, the more the reward for having the intelligence to hold and snap up shares in the first place. This is the biggest most complete bankruptcy (and the most absurd and possibly mandated) in history. Patience. Do you wish you bought ECAPS? I do wish that I bought in 2016. I still consider the TruPS (4 tickers) worth more in the end.

Please elaborate on:

What is the Appellate Division specifically? I thought the last court decision WAS the Court of Appeals/Appellate court?

What case would the next court be heard in if granted an appeal?

2. Why do you think the court case is bigger than the LBHI bankruptcy? 500M USD is a drop in the bucket compared to the amount of cash LBHI has left to distribute to people, namely us.

when, when? next year? don't get too excited, on another hand I already see how we riding horses along Colorado river, would be the great an adventure. We can go all the way to Juno Alaska.
OK, my friend don't sell me any BS, OK?

⭐️⭐️⭐️⭐️⭐️ Excellent Job by PWC

The Appellate Division will reject LBIE's application. Basis: The Appellate Division has a precedent of going along with their lower trial court decisions and facts. This basis was stated in their recent ruling in favor of AGFP. LBHI's personal emails exposed to much bullshit about the 28 derivatives in question...hard to overcome, but this single case is almost bigger than LBHI'S Bankruptcy. 🤑

I think an educated guess is, could this be finished by now and could the CH 11 be exited by LBHI to pay us? Yes.

But PwC and lawyers love milking their money out of it. It's on every one of their Joint Admin reports.

Another example of what I'm getting at can be found here: https://www.madofftrustee.com/

😄

Money is money. LBHI has hundreds of billions.

Should we just send this to PwC UK to hurry it up so we can exit CH 11 with LBHI?

225 KQ’s; 500 MQ’s.

The END.

seems to be getting further and further away. Terrible

I am here reading. Not to much interest in posting. Be good all. Just busy with other things and life.

Continue:

Progress Report for LBH PLC 31

No idea. But hopefully by the PwC UK deadline to end the Admin in the UK (Nov 2025)

yep that's the goal of the administration and as I corrected in my reply this is the LBIE report not the LBH PLC

Objective - "RESCUING THE COMPANY AS A GOING CONCERN"

Page 3/8
https://www.pwc.co.uk/business-recovery/administrations/lehman/lbie-31st-progress-report.pdf

LBHI - Ultimate parent of Lehman group incorporated in USA reorganized on March 6, 2012.

Notice of Intention to pay a Ninth Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow a ninth interim dividend to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors stating a last date for proving of 15 February 2024. A ninth interim dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available to download.

Any possible time frame on emergence? TIA.

Are any of you using non-US brokerages to buy shares still of the four TruPS?

250 KQ’s

And LBHI will emerge with billions to unfreeze our cash distributions owed since Q3 2008! LFG!

Too late to edit. I apologize this is not from LBH PLC, this was the LBIE 31st progress report. It's late in Chicago I made a drowsy mistake!

For those of you who bought last October using non-US brokerages for 0.01 USD per share when liquidity erupted for the 4 LBHcapital Trust PFD shares, Scotia's "iTrade" has been making excuse after excuse why they haven't yet transferred the shares I've accrued from that doorway to my US brokerage. What a bunch of bs. Eventually they will have to repatriate shares but I have no doubts they would love for that cash to show up in their Canadian brokerage account and the gov't that runs all of Canada's financial institutions more or less is hoping for their cut in possible "capital gains" which US held assets would not charge "capital gains" due to the nature of the issuer as a Delaware Statutory Trust. Basically the only way you pay tax from any capital gains on these shares/dividend tax is if you hold your account as a resident of Delaware or a Delaware registered corporation/partnership. I use an LLC registered in Arizona for my brokerage accounts in the US. That is where my Lehman shares are headed. To hell with Trudeau and them pulling every excuse out of their butts to keep these shares in the final months of these bankruptcy payouts/CH 11 freezing to try and snipe capital gains from US citizens!

Also a good sign as to why they were such dicks about filling shares for 2 years but also why they'd even bother to pull these stunts to keep shares in Canada long as possible. Sorry but they will be home one way or another. ;)

Just reading thru latest LBH PLC PwC UK 6 month report. Figured I'd share my favorite finding so far (sorry if already shared here):


Good to see Quinn Emmanuel LP not giving up on the CDS fiasco with AGFP's valuation calculations being absurd and another $465 million to $7 billion in possible clawback/recovery for the violation of the 1992 ISDA contract those swaps were bought under by LBHI thru 2008.

[from Page 4]
Src: https://www.pwc.co.uk/business-recovery/administrations/lehman/lbie-31st-progress-report.pdf

LBHI2's Sixth Declaration from November 2023:

100 LQ.

profile icon
newflow Free 03/30/24 9:02 PM
Post #110,561
This is what i see with additional info such as dates starting from 04/15/2024. NONAME is LEHDQ.

Symbol Security Type Transaction Type Transaction Amount Income Type
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
LEHKQ Equities Interest 7968.75 Estimated
LEHKQ Equities Interest 3984.38 Estimated
LEHKQ Equities Interest 6021.59 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
LHHMQ Equities Interest 18750 Estimated
LHHMQ Equities Interest 3750 Estimated
LHHMQ Equities Interest 3750 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
LEHKQ Equities Interest 7968.75 Estimated
LEHKQ Equities Interest 3984.38 Estimated
LEHKQ Equities Interest 6021.59 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
LHHMQ Equities Interest 18750 Estimated
LHHMQ Equities Interest 3750 Estimated
LHHMQ Equities Interest 3750 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
LEHKQ Equities Interest 7968.75 Estimated
LEHKQ Equities Interest 3984.38 Estimated
LEHKQ Equities Interest 6021.59 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
LHHMQ Equities Interest 18750 Estimated
LHHMQ Equities Interest 3750 Estimated
LHHMQ Equities Interest 3750 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
LEHKQ Equities Interest 7968.75 Estimated
LEHKQ Equities Interest 3984.38 Estimated
LEHKQ Equities Interest 6021.59 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
LHHMQ Equities Interest 18750 Estimated
LHHMQ Equities Interest 3750 Estimated
LHHMQ Equities Interest 3750 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated

https://www.pwc.co.uk/services/business-restructuring/administrations/non-lbie-companies/lbh-plc-in-administration/dividends-to-creditors.html

https://www.pwc.co.uk/services/business-restructuring/administrations/non-lbie-companies/lbhi2-limited-in-administration/dividends-to-creditors.html

whatever happened to 8th distro and por closing?

Hi Chris

799 LQ’s & 800 MQ’s. Zzzzzzzzzzz!

profile icon
newflow Free 03/30/24 9:02 PM
Post #110,561
This is what i see with additional info such as dates starting from 04/15/2024. NONAME is LEHDQ.

Symbol Security Type Transaction Type Transaction Amount Income Type
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
LEHKQ Equities Interest 7968.75 Estimated
LEHKQ Equities Interest 3984.38 Estimated
LEHKQ Equities Interest 6021.59 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
LHHMQ Equities Interest 18750 Estimated
LHHMQ Equities Interest 3750 Estimated
LHHMQ Equities Interest 3750 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
LEHKQ Equities Interest 7968.75 Estimated
LEHKQ Equities Interest 3984.38 Estimated
LEHKQ Equities Interest 6021.59 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
LHHMQ Equities Interest 18750 Estimated
LHHMQ Equities Interest 3750 Estimated
LHHMQ Equities Interest 3750 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
LEHKQ Equities Interest 7968.75 Estimated
LEHKQ Equities Interest 3984.38 Estimated
LEHKQ Equities Interest 6021.59 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
LHHMQ Equities Interest 18750 Estimated
LHHMQ Equities Interest 3750 Estimated
LHHMQ Equities Interest 3750 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
LEHKQ Equities Interest 7968.75 Estimated
LEHKQ Equities Interest 3984.38 Estimated
LEHKQ Equities Interest 6021.59 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated
NO NUMBER Cash & Money Market Interest 0.75 Estimated
LHHMQ Equities Interest 18750 Estimated
LHHMQ Equities Interest 3750 Estimated
LHHMQ Equities Interest 3750 Estimated
NO NUMBER Cash & Money Market Interest 0.01 Estimated

…and your point being made is??? How does this effect the closing of this bk??? Is there any relevance to upcoming events? Thanks

Waiting on "good and right" notices of Declarations: 🤣🤑🤣


...Declaration of a Seventh?

HE WILL POST MORE!

It’s an obsession.
Specially to cut and paste anything.

good and right

Mr. Mates,

How to have a quick bankruptcy with Harvey Miller

Here, pinch your nose, open your mouth, close your eyes and accept another taste:

Mr. Cotton,
your posts about GM is not interesting to LB stock holders, lately you have signs of confusion between LB and other bankruptcies. Please if you haven't correct info about LB don't confused holders with pointless guesses, I follow this bord from 2008 and you didn't come with any useful tolls or
info

I feel you selling just a falls hope and is an annoying.
Wish you luck
Mates

Continue: 🤣🤑🤣

Two Bankruptcies and two Pension Plans: Lehman Brothers' and General Motors' Legal Teams.