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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
Tier X has been paid in full.
Tier Y - next available funds of up to £225.0m:
Distributions under Tier Y can only take place once:
? Tier X funds have been distributed in full (which is now the case);
? There has been a final adjudication or settlement of Priority Legal Issue 1; and
? The unsubordinated creditors’ remaining entitlement to post-administration statutory interest has been
satisfied in full, if necessary adjusted for the resolution of the Partial Discharge Issue.
11 Administrators’ progress report from 15 September 2023 to 14 March 2024
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. 🤑
LBIE
AGFP litigation
On 8 March 2023, Justice Crane issued her decision in favour of AGFP with the Clerk’s office entering judgment on
30 June 2023. LBIE lodged its appeal of that decision on 22 September 2023.
During the Period, LBIE continued to progress its appeal of Judge Crane’s decision. AGFP lodged its final Reply
brief on 15 December 2023. LBIE lodged its final Reply brief on 12 January 2024.
Following an oral hearing on 21 February 2024, the New York Supreme Court, 👉️Appellate Division, First Judicial
Department entered its decision and order on 14 March 2024, affirming Justice Crane’s decision in full.
LBIE intends to submit an application to the 👉️Appellate Division seeking leave to appeal to the Court of Appeals. For
further information please refer to the “AGFP Litigation” section of the LBIE website:
https://www.pwc.co.uk/services/business-restructuring/administrations/lehman/agfp-litigation.html
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.
Continue:
This report has been prepared by Edward John Macnamara, Gillian Eleanor Bruce and David James Kelly as Joint
Administrators of the Company, solely to comply with the Joint Administrators’ statutory duty to report to creditors under
IR16 on the progress of the administration, and for no other purpose. It is not suitable to be relied upon by any other
person, or for any other purpose, or in any other context.
This report has not been prepared in contemplation of it being used, and it is not suitable to be used, to inform any
investment decision in relation to the debt of or any financial investment in the Company.
Any estimated outcomes for creditors included in this report or on the case website are illustrative only and cannot be
relied upon as guidance as to the actual outcome for creditors.
Any persons choosing to rely on this report for any purpose or in any context other than under IR16 do so at their own
risk. To the fullest extent permitted by law, the Joint Administrators do not assume any liability in respect of this report
to any such person.
Please note you should read this report in conjunction with the Joint Administrators’ previous reports issued to the
Company’s creditors, which can be found at:
https://www.pwc.co.uk/services/business-restructuring/administrations/non-lbie-companies/lbh-plc-in-administration/progress-reports.html
Progress Report for LBH PLC 31
2.2 Creditor claims and dividend
prospects
Unsubordinated creditors
As creditors are aware from previous reports and prior to the Reporting Period:
? dividends totalling approximately £1,074.8m (100p in the £) had been paid on admitted, unsecured,
unsubordinated claims; and
? further distributions of £354.1m had been paid in relation to admitted, unsecured, unsubordinated creditors'
statutory interest entitlements.
As a result of the Framework Agreement and the conclusion of the Priority Litigation, the Administrators were able to
make further dividend payments to LBH’s unsubordinated creditors. In the Reporting Period, the Administrators paid
their eighth and ninth interim dividends to unsubordinated creditors of £24.4m and £33.0m respectively, as set out
below:
? Eighth interim distribution: On 28 November 2023, a dividend was paid to certain unsubordinated creditors
being LBIE (£14.6m), Thayer (£6.0m) and ESH (£3.8m). Payments to LBIE and Thayer were final
distributions with no further amounts being owed to those estates. In respect of ESH, further amounts (of
up to £9m) may be due to it depending on the outcome of the Partial Discharge Issue.
? As part of the eighth interim distribution, PAMI/LBHI, LBL and MBAM agreed to defer receipt of their
unsubordinated statutory interest on this occasion to allow LBH to pay (i) the other unsubordinated
creditors and (ii) Tier X (in full) - see below.
? Ninth interim distribution: A dividend of £33.0m was paid to LBHI on 11 March 2024.
? As part of the ninth interim distribution, LBL and MBAM agreed to defer receipt of their unsubordinated
statutory interest on this occasion to allow LBH to pay LBHI in respect of its unsubordinated
post-administration statutory interest entitlement.
Based on current information, the Administrators are of the view that there will ultimately be sufficient realisations to
allow unsubordinated creditors’ remaining entitlements to post-administration statutory interest to be paid in full.
Subordinated creditors and the Framework Agreement
The claim from LBGP in respect of the PLC Sub-Notes has now been agreed and admitted at c.£187.2m. This is
after discounting in accordance with IR16 and in line with the outcome of the Priority Litigation, as detailed in
previous progress reports. The claim from LBHI (in respect of the PLC Sub-Debt) totals c.£1,059.0m.
The Framework Agreement, which became effective on 8 October 2023, sets out a structure under which LBH will
make payments to LBGP and LBHI of funds available for subordinated creditors. These payments are governed by
a specific sharing formula, summarised below:
Tier X - first available funds of £187.2m:
In the Period, the first £187.2m of funds available for the subordinated creditors was paid, as set out below:
? On 24 November 2023, 92% of Tier X (being £172.2m) was paid to LBGP.
? On 29 December 2023, the remaining 8% of Tier X (being £15.0m) was paid to LBHI.
As a consequence of the above, Tier X has been paid in full.
Tier Y - next available funds of up to £225.0m:
Distributions under Tier Y can only take place once:
? Tier X funds have been distributed in full (which is now the case);
? There has been a final adjudication or settlement of Priority Legal Issue 1; and
? The unsubordinated creditors’ remaining entitlement to post-administration statutory interest has been
satisfied in full, if necessary adjusted for the resolution of the Partial Discharge Issue.
11 Administrators’ progress report from 15 September 2023 to 14 March 2024
If Priority Legal Issue 1 is resolved such that statutory interest payable on LBGP’s Sub-Notes claim falls to be paid
in priority to the principal amount of LBHI’s Sub-Debt claim, the Tier Y funds will be distributed to LBGP and LBHI in
the ratios 94% and 6% respectively.
If Priority Legal Issue 1 is resolved such that the principal amount of LBHI’s Sub-Debt claim falls to be paid in priority
to statutory interest payable on LBGP’s Sub-Notes claim, the entirety of any Tier Y funds will be distributed to LBHI.
The Administrators do not expect payments under Tier Y to be made for some time given that (i) there remains
outstanding post-administration statutory interest due to unsubordinated creditors and where the Partial Discharge
Issue is not yet resolved and (ii) Priority Legal Issue 1 is subject to a potential appeal by LBHI and so not finally
determined.
Tier Z - remaining funds available:
Subject first to the distributions of Tiers X and Y, further distributions to LBH’s subordinated creditors will be paid
from any remaining funds available in the following proportions:
? If Priority Legal Issue 1 is resolved such that statutory interest payable on the LBGP’s Sub-Notes claim
falls to be paid in priority to the principal amount of LBHI’s Sub-Debt claim, the Tier Z funds will be
distributed to LBGP and LBHI in the ratios 42% and 58%, respectively.
? If Priority Legal Issue 1 is resolved such that principal amount of LBHI’s Sub-Debt claim falls to be paid in
priority to statutory interest payable on LBGP’s Sub-Notes claim, the Tier Z funds will be distributed to
LBGP and LBHI in the ratios 12% and 88%, respectively.
Estimated outcome and future distributions
In June 2023 the Administrators prepared an updated assessment of the potential economic outcomes for LBH’s
creditors. It indicated a potential return to subordinated creditors of between £233m and £490m in Base and High
cases respectively, subject to important notes and assumptions which are included within that update.
The update can be accessed through the link below:
https://www.pwc.co.uk/business-recovery/administrations/lehman/lbh-plc-update-june-2023.pdf
LBH’s ability to pay additional distributions to both unsubordinated and subordinated creditors (and the timing of
such distributions) is dependent on a number of matters, including:
? Various of LBIE’s unresolved issues which remain subject to litigation, creating uncertainty as to the final
outcome and timing of receipt of any recoveries. LBIE reports that the most significant of its unresolved
issues is the AGFP litigation, as referred to in Section 2.1 above;
? The resultant quantum of further payments to LBHI2 from LBIE, and the proportion of such payments
retained by LBHI2 under the WW sharing agreement;
? The duration, future costs and priority expenses of the LBH, LBIE, LBHI2 and LBL administrations; and
? Under the terms of the Framework Agreement, further distributions to subordinated creditors, beyond that
which have recently been paid as Tier X distributions, cannot be made until (i) Priority Legal Issue 1 has been
finally adjudicated or otherwise settled, and (ii) the unsubordinated creditors have received their remaining,
post-administration statutory interest entitlements, if necessary adjusted for the resolution of the Partial
Discharge Issue.
The Administrators will continue to provide further updates through the LBH website (or by other means as
appropriate).
12 Administrators’ progress report from 15 September 2023 to 14 March 2024
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:
PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT
T: +44 (0) 20 7583 5000, F: +44 (0) 20 7212 7500, www.pwc.co.uk
PricewaterhouseCoopers LLP is a limited liability partnership registered in England with registered number OC303525. The registered office of
PricewaterhouseCoopers LLP is 1 Embankment Place, London WC2N 6RH. PricewaterhouseCoopers LLP is authorised and regulated by the Financial Conduct Authority for designated
investment business.
To all known creditors
13 November 2023
Our ref: GEB/AM
Dear Sirs
LB Holdings Intermediate 2 Limited - in Administration (“LBHI2”)
I am pleased to be able to declare a sixth interim dividend to unsecured creditors.
In accordance with Rule 14.35 of the Insolvency (England and Wales) Rules 2016, I enclose for your
attention the receipts and payments account from the commencement of the Administration on 14
January 2009 to 2 November 2023. This provides details of the amounts realised from LBHI2’s
assets and the payments made in the Administration, up until and including 2 November 2023. In
calculating this dividend, I have made a provision for anticipated future costs of the Administration.
For the avoidance of doubt, this sixth interim dividend is in partial settlement of the principal
amount of LBHI2’s unsecured, subordinated claims. No part of these distributions was in
settlement, partial or otherwise, of any post-Administration, statutory interest entitlement.
A sum of £86,000,000 is being distributed by way of dividend on or around 13 November 2023 in
respect of admitted subordinated claims.
If you have any queries, please do not hesitate to send these to uk_lehmanaffiliates@pwc.com.
For and on behalf of LB Holdings Intermediate 2 Limited
GE Bruce
Joint Administrator
GE Bruce, DJ Kelly and EJ Macnamara, were appointed as Joint Administrators of LB Holdings Intermediate 2 Limited to
manage its affairs, business and property as agents without personal liability. The Joint Administrators are licensed in the
United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. The Joint
Administrators are bound by the Insolvency Code of Ethics which can be found
at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.
The Joint Administrators may act as controllers of personal data as defined by UK data protection law depending upon the
specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint
Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators’
appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Joint
Administrators.
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?
Notice of Declaration of a Sixth Interim Dividend
Notice of Declaration of an Eighth Interim Dividend
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:
Second was a “prepackaged” bankruptcy plan being developed by general counsel Robert Osborne with Harvey R. Miller, the dean of the bankruptcy bar and senior partner at Weil, Gotshal & Manges. Under this plan, GM would prepare a reorganization in cooperation with its👉️🤡 bond creditors that would take effect once the company went into a Chapter 11 bankruptcy. The goal of a so-called prepack is to shorten and simplify the bankruptcy process.
Miller commanded great respect in bankruptcy circles and in the GM boardroom, and for good reason. At the age of 75 Miller was the only attorney in the country who had successfully dealt with as many high-profile bankruptcies. 👉️Miller was already in the middle of the largest corporate liquidation ever, at Lehman Brothers.
And third was the NewCo plan, based on years of ?experience at AlixPartners, where we had a major role in 50 of the 180 largest bankruptcies over $1 billion in the past 15 years. GM had also retained Martin Bienenstock, the restructuring and corporate governance leader from Dewey & LeBoeuf, to help develop the NewCo plan as well.
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: 🤣🤑🤣
Second was a “prepackaged” bankruptcy plan being developed by general counsel Robert Osborne with Harvey R. Miller, the dean of the bankruptcy bar and senior partner at Weil, Gotshal & Manges. Under this plan, GM would prepare a reorganization in cooperation with its bond creditors that would take effect once the company went into a Chapter 11 bankruptcy. The goal of a so-called prepack is to shorten and simplify the bankruptcy process.
Two Bankruptcies and two Pension Plans: Lehman Brothers' and General Motors' Legal Teams.
In 2006, GM does not have any contributions due for its U.S. hourly pension plan. In February 2006, GM contributed $1.7 million into its U.S. salaried pension plan. This contribution was a required contribution on behalf of GM employees who were former participants in the Saturn PCRP plan, which was 👉️merged into the GM salaried pension plan in 2005. GM does not expect to make any additional contributions into the salaried pension plan in 2006. GM expects to contribute or pay benefits of approximately $100 million to its other U.S. pension plan and $500 million to its primary non-U.S. pension plans, which include GM Canada Limited, Adam Opel and Vauxhall, in 2006.
How General Motors Was Really Saved: The Untold True Story Of ...
Oct 30, 2013 — On 👉️June 1, 2009 General Motors filed for bankruptcy in New York, with $82 billion in assets and $173 billion in liabilities. It was the ...
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 ??
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Moderators stoxjock cottonisking real777mellon |
IPO - 1/7/2005 - 8.00 Million Shares @ $25.00/share.
Previous Ticker Symbol: LEH-N Changed: 9/17/08
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