Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

Thank you cheese. Glad your doing well and spreading your wings. 
BTW. HAPPY FATHERS DAY TO YOU DADS OUT THERE.
Cheese reminded me.  😅

[SwissCheeseAccount]

Lawyers were already paid. About $2 billion. This happened years ago

[newflow]

JJ. Fair and Equitable; No Unfair Discrimination (11 U.S.C. § 1129(b)).
Based on the Disclosure Statement, the Debtors’ Memorandum of Law In Support of the Global
Settlement, the Debtors’ Memorandum of Law In Support of Confirmation of the Plan, the
Suckow Declaration, and the Debtors’ Response, the Plan (i) does not discriminate unfairly, and
(ii) is fair and equitable as to LBHI Classes 10A, 10B, 10C and 11 and the Equity Interests in
each Debtor, which Classes were deemed to reject the Plan, as required by section 1129(b)(1) of
the Bankruptcy Code.
Page 21/347
https://document.epiq11.com/document/getdocumentbycode?docId=1458176&projectCode=LBH&source=DM

[newflow]

FF. Feasibility (11 U.S.C. § 1129(a)(11)). The Debtors’ Memorandum of Law
in Support of Confirmation, the Disclosure Statement and the Suckow Declaration are persuasive
and credible evidence that each Debtor will have sufficient funds to continue to manage its assets
and make all payments required under the Plan. Accordingly, the Plan satisfies the requirements
of section 1129(a)(11) of the Bankruptcy Code.
https://document.epiq11.com/document/getdocumentbycode?docId=1458176&projectCode=LBH&source=DM

[SwissCheeseAccount]

Just been grinding lately

Recently moved to an apartment in San Diego

Very nice place, it has a community jacuzzi! (Got dizzy after 20 minutes and had to get out) LOL

P.S happy Father’s Day jersey!

[JERSEYHAWG]

Hi cheese. So go to see you. 

[SwissCheeseAccount]

>>I do hope that young man, SwissCheese, moved on.

I moved up: https://patents.google.com/patent/US12151160B1/

:)

[newflow]

Good morning J.

[joyceschoice]

The reality is we're hitchhikers for whatever comes next. GLTA

[joyceschoice]

Interesting

What did Marvin Gaye say about David Ruffin?

David Ruffin - Wikipedia
His contemporary, label-mate, and long-time acquaintance Marvin Gaye was particularly impressed with the virility of Ruffin's voice. Gaye said Ruffin's work "made me remember that when a lot of women listen to music, they want to feel the power of a real man."

[newflow]

I am assuming between 54 - 58?

[cottonisking]

Lehman, this soul of mine was born to chase the wind!

I guess the soul of mine was born to chase the wind

David Ruffin:

Rovin’ Kind Lyrics
[Verse 1]
Not gonna be the one to bring you the news
'Cause I have the one who claimed to be in love
At the crack of dawn, sun shining in my eyes
I'll be movin' on, oh, as an eagle flies

[Chorus]
I don't know why, but my heart, it change its mind
Yes sir, I'll always be
Guess I'll always be the rovin' kind
Got to follow the sun
Stay on the run
Listen, I'm moving on
Got to follow the sun
Stay on the run, yes I have
[Verse 2]
With a tortured song that I know and don't
I'm running 'round
Oh, I love you so, but I know I've got to find
If there's a way to end this urge that drives me on
Wh?n will it end, I can't tell
You see, the highway's still my hom?

[Chorus]
I don't know why, but my heart, it change its mind
Yes sir, I'll always be the ro-
The rovin' kind
I got to follow the sun
Oh, stay on the run, yeah
I'm moving on, moving on
Got to follow the sun
Stay on the run, listen

[Bridge]
From Tucson, Arizona
Down to old San Juan
Through the hills of West Virginia
And the mountains far, far beyond
Rumbling over the backroads of old Tennessee
As I move along, I hum this song
Love's been good to me, yeah


Rolling over the country roads beneath the star-lit skies
I'm a long way from your heart, but I'll be back, by and by

[Verse 3]
Chasing the sun as it goes down in the west
Yes, I'm the guy who will never know rest
But I'm back again to find my rainbows' end
I guess the soul of mine was born to chase the wind

[Chorus]
I don't know why, but my heart, it change its mind
Yes sir, I'll always be
The rovin' kind, yeah
Got to follow the sun
Stay on the run
I'm moving on
Got to follow the sun, yeah

[JERSEYHAWG]

Perfect !
The Pinata. 

[newflow]

May be he is interested?.

[joyceschoice]

And a poster asked me "How old I was?"

I was born on a wednesday. We're all mostly dancing to the music we hear.

[BREAKER098]

Wrong. It looks like that guy has a similar position as mine regarding the outlook. Go figure…

[stockanalyze]

joestocks=breaker
when breaker got booted out, joe appears. lol. something good must be on our way much sooner, not that it was not on our way. hold.

[JOVI]

I miss you
Lol

[goodietime]

"Just when I think I am out,....I am pulled back in...."

[Joe Stocks]

Oh, my...you all are still here. It is been a while. I thought the LBHI was suppose to close the books in 2025. The the fate of the CT's was known back in 2012 with the approval of the Liquidation plan. Yet, you are still married to this stock 13 years later - 17 years after filing BK. Codependency? ...excessive emotional or psychological reliance on a partner (CTs), typically one who requires support (LBHI) on account of an illness or addiction (or bankruptcy).
I do hope that young man, SwissCheese, moved on.

[stoxjock]

Well, His Actual Problem Is: he Sold His Entry "Lotto Tickets" to the Hot Party to someone Else for Pennies on the $$ and now he sees they are having a Blast and He wants Back In to the Party But they Locked the Door to the Party Hall....

[stoxjock]

Ok, You provided No New Info to substantiate your Claim! BLAH..BLAH,,,BLAH BLAH,,BLAH...BLAH.... We all ALREADY KNOW what you are saying...

[BREAKER098]

What can I say, I am an eternal optimistic struggling with a healthy dose of reality. No I do not see any financial form or payment or recovery or whatever you want to call it coming to the CT’s. My official stance is they will be retired once they can be done so legally in accordance with the plan. So yes, it’s possible, just like it’s possible that a rogue planet could enter our solar system and smash into earth obliterating it, but it’s not probable. Go figure…

[fritz603]

"It’s hard to even call this a lottery ticket. Is it possible for a future financial payment to the CT’s? Yes. Is it probable? Absolutely not."

You tell us it is possible but... possible is subject to a probability from 1-100%. Then you say it is ABSOLUTELY not probable. Comedy... The problem is you dont want to tell us that we was buying a hot lottery ticket.

[BREAKER098]

You seem to be frustrated this isn’t going the way you want it to go for your benefit. I don’t know what to tell you. The plan is being executed per the plan and per bankruptcy precedent where that applies (largest historical bankruptcy ever). This is all very predictable and procedural. There’s nothing hidden. Go figure…

[stoxjock]

On what basis are you saying that? We are talking NOW, NOT 10 Years back when a TON of Recoveries ( In Billions $$$) were readily available from Assets Liquidated and were getting paid out to Sr. Creditors...However, in the last 4 Quarters, the "Distributions' have trickled down to few millions at best and lawyer fees for all the firms involved could have been 50% of that 'Recovered Amount', if not more...

[BREAKER098]

I don’t pay attention to them. The legal fees aren’t even close. I’d estimate around $7.5 billion. LBHI has paid out $129 billion. Go figure…

[s404n1tn0cc]

Ever note the lawyer fees are not ever on the MOR??

[BREAKER098]

Legal fees aren’t even close to the recoveries. Go figure…

[stoxjock]

Hmm...Two more Months...Aug 7th can't come Soon Enough,,. ,Enough of the Lawyers Feeding at the Trough... Law Firms cannot be Paid MORE than the 'recoveries'....

[cottonisking]

The man ❤️ will never mention the CTs' Successor Rights 💲on this board. Because LBHI's Asset Management Business is alive.👅

[JERSEYHAWG]

Thank you sir. I couldn't agree more. 

[BREAKER098]

Out of curiosity, resist what? I’m not trying to push anyone to do anything. I’m just telling you all that you shouldn’t expect to be paid anything. I’ve given way more details to back up why they won’t vs. the arguments presented here that they should.

You all have the expectation of payment mentality, and I’m telling you all that that is the wrong mentality. This is so far away from the guarantee that you all demand. It’s absurd. It’s rude. Respect the capital stack and know your place in this process.

It’s hard to even call this a lottery ticket. Is it possible for a future financial payment to the CT’s? Yes. Is it probable? Absolutely not. Go figure…

[vareddi]

great Jersey, your intervention was missing ❤️...there's not much left until the finish line, we have to resist, we're in the last kilometre, the rest is just clownish chatter

[JERSEYHAWG]

Thank you 4Dux. Keeping Jimmy's "full monty" words alive. I sure miss him and his posts. Positive attitude. 
That "other guy" posts here. Aren't worth a damn. I am always here reading. And most of you are my friend. So good seeing you all here banding together. The common thoughts of be paid or go home broke. It's funny reading this thread from the top of mount washington in beautifull new hampshire. 
Anyway. Pay us. Or send us packing. Be well all of you.

[newflow]

fingrin debentures need to be distributed?, go fingrin

[BREAKER098]

If you've been paying attention, which clearly you haven't, I have NEVER encouraged anyone to sell. Check the transcript. In fact, I have done the opposite. I have encouraged everyone to hold - why sell at this point? You're 100% correct that the shares do not reflect any value.

Believe it or not - I am not a troll. The information I have posted is accurate - and if it was found to be incorrect - I have admitted that. All that to say, why do I actually post here? Well, again, if you've been paying attention - I've communicated that several times. I was a holder of the CT's back in 2021. I sold. I came back. It was a lot lower. I looked into why and asked questions. Did a lot more due diligence. The due diligence I collected justified the shares not reflecting any value. I engaged the board and here we are. Anyways, I do have a comment to provide that's relevant to your CT opinion. I have a different opinion. Go figure...

Compound interest in bankruptcy is rare, unless explicitly included in the claim class treatment. The POR only requires payment in full on allowed claims, and post-petition interest is subject to court approval, class priority, and estate surplus. So again, if you actually understand what that means, you should not get your hopes up. HOPE does not equal EQUITY as I have said several times recently.

1. Is there enough value in the estate?
The LBHI estate has distributed over $129 billion since 2012.

As of the most recent reports, there's still billions in reserved value, pending litigation outcomes, tax assets, and real estate recoveries.

However, the amount needed to reach Class 10B is enormous — likely north of $15–20 billion beyond Class 9 + 10A + interest.

2. Will the court allow full post-petition interest on all senior classes?
This is the single biggest variable.

If the court allows contractual or default interest on all allowed claims (as some creditors demand), the residual value may be entirely consumed before reaching subordinated classes.

If post-petition interest is capped or settled below par, that opens up a narrow window for 10A and possibly 10B to receive something.

3. Is there a reclassification or legal pivot?
If some LEHNQ series are reclassified from Class 10B to Class 4 (general unsecured), that would radically improve the odds.

Some holders have claimed these were misclassified originally, citing prospectus language and capital trust structures.

However, as of today, they remain Class 10B under the confirmed POR.

[newflow]

Why there is bashers around here in 2025?. Why somebody put efforts to suppress the sentiment or law?. Whats the motive?.

[4Duxs]

That's correct Cotton, pay us, either way we move on with our lives. The shares today don't reflect any value, so wouldn't be missed. However if (when) they pay us it's Vegas and beyond. Using the compound calculator provided and running it through a couple others. The CT's base interest of 6% pays off at about $67 at the end of this year. The other CT's higher. That's assuming the compound interest of course. If they pay the Full Monty as Jimmy suggested, that's a big swing in value. Big enough to finance some trolls on this board to encourage hopelessness and selling. Have a great summer weekend everyone. Enjoy the time while we wait. Cheers 

[BREAKER098]

What's your definition of a poor guy? You're right about the hanging around financial forums. Be it IHUB, YFMB, TS, X, RDDT, etc. Growing up I was the class clown - so in some sense I suppose you're not far from the target there. You started to ramble pretty hard towards the end of your post so I don't have much to comment on that. Go figure...

[vareddi]

in my opinion you're a poor guy who hangs around financial forums to make clownish scenes🤡🤡🤡 ...and then I tell you that I'm not here for the salary I have so many of those titles with millions of shares that maybe Lehman is the last of my hopes so you've got the wrong target!!! puppet

[vareddi]

I didn't ask for your opinion so disappear

[BREAKER098]

They actually do not have to pay you. HOPE does not equal EQUITY. Go figure...

[vareddi]

right cotton 💪there are no more issues to resolve what are they waiting for or what do they want to invent to prolong this bankruptcy they just have to pay us and that's it we're fed up

[cottonisking]

🐎🐎🐎🚗I am trying to stick around until we get paid. However, last year, I purchased a gray pony that averages 50 to 70 miles per gallon. After a five hours drive in the back woods of Texas today, my DNA is telling me that this is what I need to be doing everyday of the week. Boy, I located some good land today to swap for my CTs. Pay us soon or stick the money up your... Bye.

No more can be said about this Bankruptcy.

[newflow]

ok fingring.

[BREAKER098]

If by "doing business" you mean executing wind down procedures and liquidation activities - yes, they are fullly operational! All revenue generated is to ultimately feed the starving capital stack and keep operations running to continue wind down procedures and liquidation activities. All higher classes must be paid in full before Class 10B can potentially receive anything. Yes creditors MAY take a haircut. To assume that all creditors take hair cuts which leave residual value to flow to CT's is absurd. Go figure...

[BREAKER098]

You'll see - eventually. We all will - unless of course we pass before the finality (which many unfortunately have). Go figure...

[newflow]

What has been happening is based on POR, based on POR Lehman Brothers Holdings Inc. (LBHI) was reorganized as a new entity on March 6th, 2012 and doing business, LBHI.Plan Trust (LBHIPT) was formed in 2012 and LBHI is the administrator of LBHIPT. LBHIPT holds one single share issued to it for the benefit of former equity holders. If the claims are satisfied thru class 9, LBHI might issue new stock to beneficiaries of LBHIPT along with CTs, eventually. IMO.

[newflow]

ok fingr