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⭐️⭐️⭐️⭐️⭐️ 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?
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.
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?
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:
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
whatever happened to 8th distro and por closing?
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.
Don't expect anything.
HA. that's a sin.
One frikin share. Over the top.
Thanks 4Duxs
REALLY??? Look Who's Talking...'Nuff Said!
Any news will likely be on the dockets...
https://dm.epiq11.com/case/lbh/dockets
Nothing so far.
i thought 28th distro was last week and we have been waiting , hoping por will be closed. any information on it?
IS IT THE EGO ??
THATS AN ATTACK :)
GET BACK ON YOUR MEDS, MR.
A chapter 11 case may continue for many years unless the court, the U.S. trustee, the committee, or another party in interest acts to ensure the case's timely resolution. The creditors' right to file a competing plan provides incentive for the debtor to file a plan within the exclusivity period and acts as a check on excessive delay in the case.
Only the debtor may file a plan in a subchapter V case. 11 U.S.C. § 1189.
IM VERY SURPRISED that you know it’s chapter eleven BK despite of your whining.
LEARN WHAT CHAPTER 11 MEANS
THEN YOULL STOP WINING LIKE THIS
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IPO - 1/7/2005 - 8.00 Million Shares @ $25.00/share.
Previous Ticker Symbol: LEH-N Changed: 9/17/08
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