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Thanks, cotton.
I'm glad to see the Guarantee Resolution explicitly stated.
With this established, the CTs are benefitting on the same level as other securities benefitting from this "Global Guarantee" (ECAPS).
Aren't they?
It doesn't matter that half the CTs assets are subordinated bonds, does it?
They are subordinated bonds & equity with Global Guarantees.
The POR can hold it all up to address all interests but it doesn't absolve them from the Global Guarantee claim in the corporate code nor damages.
Treble damages are up to 3x.
I should call you again.
Who loves ya?
mojo
cotton can speak for himself.
cotton has "pro se" standing if I understand correctly.
You're smearing, Jose.
Correction.
Found it.
Partial Wind-Down process
LBT intends to sell a portion of the LBHI Receivable. In addition, LBT expects to sell the LBCCA Receivable if such sale would generate any material cash proceeds. The proceeds arising from these sales will be used to fund a Final Distribution to Cash-Out Creditors in the original currencies of the underlying Claims. This Final Distribution will serve as the last and final distribution to these creditors.
Qualified Noteholders are being offered the opportunity to retain their Noteholder Claims with respect to Eligible Notes. In order to do so, Qualified Noteholders must follow the instructions described in the Solicitation Memorandum. In accordance with the Solicitation Memorandum, Qualified Noteholders can elect to substitute their Eligible Notes with U.S. Dollar denominated Substitute Notes. All Substitute Notes will be issued under a single ISIN.
Notes bearing ISIN codes with the prefixes XS, US, CH, DE and AU are Eligible Notes. Notes that bear ISIN codes with the prefixes IT, NO, DK, SE or FI that trade on the clearing systems Monte Titoli S.p.A., Verdipapirsentralen ASA, VP Securities A/S, Euroclear Sweden AB or Euroclear Finland Ltd. respectively, are not Eligible Notes. A list of all Eligible Notes and Notes that are not Eligible Notes will be published on the LBT Website.
Qualified Noteholders who do not elect to substitute their Eligible Notes with Substitute Notes will receive their share of the Final Distribution with respect to: (a) such Eligible Notes; and (b) any Notes that are not Eligible Notes. Noteholders who are not Qualified Noteholders and Other Ordinary Creditors will also receive their share of the Final Distribution.
LBT reserves the right to enter into alternative arrangements with respect to Other Ordinary Creditors that are LBT's former affiliates. Such alternative arrangements might include a final distribution to these former affiliates in the form of a pro rata distribution of the LBHI Receivable.
Following completion of the Solicitation, the LBHI Receivable will be divided as follows:
(i) an amount equal to the LBHI Receivable multiplied by the aggregate Admissible Amount of the Retained Claims divided by the aggregate Admissible Amount of all Claims (being an amount equal to EUR 24,755,245,547.91) (the "Retained LBHI Receivable"); and
(ii) the portion of the LBHI Receivable that is not the Retained LBHI Receivable (the "Saleable LBHI Receivable").
The Saleable LBHI Receivable and, if applicable, the LBCCA Receivable will be sold as described in more detail in the section entitled "– Sale of receivables and Final Distribution" on page 3.
The Retained LBHI Receivable will continue to be held by LBT, and future distributions made by LBHI to LBT on account of the Retained LBHI Receivable will be used to make future distributions on the Substitute Notes.
$10.5B in claims plus a couple hundred million?
The value of the CT & Preferreds taken out is $9.73B in the Cram Down where, as I assume we know, money can't always funnel up from the subs.
$10.5B is also half the value of the $55B NOLs at 40% tax rate.
Thus, a Cram Down of Tier 1 Capital and Global Guarantees.
What was the last trading value of the LBT claims? Pennies?
I don't know why LBT would trade any claims unless they made money.
If LBHI could further absolve claims through LBT, they might.
Any other ideas?
When does cotton hear back on his motion?
mojo
Who would be allowed to pay $0.02 on the $1 for $10.5B of LBHI claims?
Start up Seaport placed the debt.
It's undisclosed.
mojo
I've left Cities with drunks.
I've left Churches with drunks.
I've left jobs with pot smoking drunks.
I've had 5 beers during the last 20 years and a couple glasses of wine.
If I drink alcohol, I'll break out in handcuffs.
I don't miss it.
Make it Hawgnanimous, too.
Good luck, Biggs.
Love ya',
mojotiredofit-eth
I love you, cotton.
Why weren't the CTs re-instated prior to the deferment period expiration?
Why wasn't the Global Guarantee from 2005 honored?
Why did Marsal publicly make false statements about reorg time periods?
Why were the CTs misrepresented and misclassed?
The Trustee and the Attorneys were making choices.
They didn't have to bring the Courts the POR with all the misrepresentations to address everyone's concerns.
And, what do all the aggrieved CT holders do?
Keep selling impaired CT shares on message boards at a discount in a BK that was looted and violated.
IMO, 50% of the $h!tstain on this Board should F-off with all their greed.
Watch some of the pu$$es remove my post.
mojotiredofit-eth
IMO, treble damages, 2 classes of settlements:
1. >2013 at .5x treble settlement
2. <2013 at treble settlement + .5x of the >2013+ share
Fairest.
mojotiredofit-eth
Were they included in LBT settlement?
They mentioned some securities were added to LBT settlement but I haven't yet identified which ones.
Plus, they get another $10B.
Waiting.
I & II were called in 2004.
No trace of VII, VIII & IX as far as I know.
Any more of these Class Action D&O Insurance filings?
These only cover certain preferred issues and credit instruments.
It seems a few pension funds holding certain securities filed together for a $516M+ settlement from Lehman underwriters.
D&O is Directors & Officers.
So, why do only these security holders benefit and not the other Lehman debtors and creditors?
Or will they?
mojo-eth
And, what do you do wamugold?
Suck up with a bunch of JPM attorneys who want you to file crap on pink issues while they fraud the Courts misrepresenting a $4B deposit, misrepresenting cc & mortgage default rates and run their stock to $100+ with JD while standing at the discount window for 0%?
Who was the real $h!t disturber, Brian Rosen?
Is that your idea of dd?
How do you buy a $320B balance sheet with $4B in Company cash deposits, billions in customer deposits & 1000+ locations for $1.9B? Listen to Sheila Baer?
Good luck.
I thought it would be Hawgnanimous.
m
AZ,
Why are we talking about "addressing" Senior claims?
Why aren't we talking about misclassification of claims, misrepresentation by the BK Administrator (Marsal) claiming the case would be closed within 2 years of inception, inaction of a 5-year deferment, misrepresentation of a Global Guarantee, fraud and treble damages?
Why, AZ, do you want to call this an issue to be "addressed?"
Are Lehman reps, JPM & BNYM trustees returning your calls?
Can you respond?
I appreciate it.
mojopissedoff
It would be great if he could establish his statements with facts but hopefully the Judge will respond with appropriate facts.
Others at Lehman aren't.
Brokers aren't either. They say they're custodians and can't provide information on every security.
What more do you want cotton to say, Jersey-eth?
Is Rickey Gregory his real name?
In the new Trump Biographies on A&E, Don would use the name "John Baron" when calling the media and pushing stories in NY Real Estate.
mojo
Did you read cotton's letter herewith, stoxjock-eth?
Link: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147190156
Good luck
mojo
You might know her as Fraudline Dickinson, which I called and left a message.
Global guarantee matter & 4B Classification should be cleaned up soon, IMO.
mojostradamus-eth
I don't know.
Maybe she's from China?
Ming Dynasty.
Is Kristine working on it with you?
I just left a message for her.
mojo
wayne,
My notes identify a Notice to Shareholders dated 6/23/2017 regarding LP IV & V after LBH Plc was restored to the UK's register of companies on February 3, 2017.
Is it your impression the LP IV & V claim isn't to be paid?
RSM says it should be.
What is the point?
mojo-eth but not Stock Joe-eth.
wayne,
RSM says "exempt entities" were never amended with respect to ECAPS LP IV & LP V by the bar date order and there was never anything subsequent that explicitly overrode the bar date order to provide they were required to file a proof of claim by any particular date, especially with respect to claims previously scheduled by the Debtors. - Docket 59409
On the other hand, rickey/cotton claims, "LBHI guaranteed the liabilities (CTs & ECAPS), including ECAPS LP 1 thru 3 subordinate notes, issued by LBH PLC with the June 9, 2005 Global Guarantee or Board of Directors' Resolution."
Is there a copy of the resolution of which cotton speaketh?
The large print giveth. The small print taketh away.
mojo-eth (not related to Joe Stock-eth)
Chapman Calendar, March 7, 2019:
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Doc# 59523 Notice of Hearing re Motion to Withdraw as Attorney of Record for Bondcorp Realty Services Inc. (related document(s)59501)
Adversary proceeding: 16-01001-scc Lehman Brothers Holdings Inc. v. Stearns Lending, LLC
Doc# 61 Notice of Hearing
Adversary proceeding: 16-01002-scc Lehman Brothers Holdings Inc. v. Standard Pacific Mortgage, Inc.
Doc# 84 Notice of Hearing (related document(s)80)
Adversary proceeding: 16-01002-scc Lehman Brothers Holdings Inc. v. Standard Pacific Mortgage, Inc.
Doc# 91 Letter (related document(s)80)
Adversary proceeding: 16-01002-scc Lehman Brothers Holdings Inc. v. Standard Pacific Mortgage, Inc.
Doc# 90 Notice of Hearing
Adversary proceeding: 16-01003-scc Lehman Brothers Holdings Inc. v. American Bank et al
Doc# 109 Notice of Hearing
Adversary proceeding: 16-01019-scc Lehman Brothers Holdings Inc. v. 1st Advantage Mortgage, L.L.C. et al
Doc# 775 Statement Notice of Status Conference
Adversary proceeding: 16-01019-scc Lehman Brothers Holdings Inc. v. 1st Advantage Mortgage, L.L.C. et al
Doc# 782 Notice of Hearing re Motion to Withdraw as Attorney of Record for Bondcorp Realty Services Inc. (related document(s)779)
Adversary proceeding: 16-01019-scc Lehman Brothers Holdings Inc. v. 1st Advantage Mortgage, L.L.C. et al
Doc# 776 Notice of Hearing
Adversary proceeding: 16-01019-scc Lehman Brothers Holdings Inc. v. 1st Advantage Mortgage, L.L.C. et al
Doc# 786 Letter (related document(s)704)
Adversary proceeding: 16-01019-scc Lehman Brothers Holdings Inc. v. 1st Advantage Mortgage, L.L.C. et al
Doc# 710 Notice of Hearing (related document(s)704)
Adversary proceeding: 16-01283-scc Lehman Brothers Holdings Inc. v. Imortgage.com, Inc. et al
Doc# 44 Notice of Hearing
Adversary proceeding: 16-01284-scc Lehman Brothers Holdings Inc. v. Approved Funding Corp.
Doc# 56 Notice of Hearing
Adversary proceeding: 16-01285-scc Lehman Brothers Holdings Inc. v. Bank of England
Doc# 32 Notice of Hearing
Adversary proceeding: 16-01286-scc Lehman Brothers Holdings Inc. v. Broadview Mortgage Corporation
Doc# 56 Notice of Hearing
Adversary proceeding: 16-01287-scc Lehman Brothers Holdings Inc. v. Cherry Creek Mortgage Co., Inc.
Doc# 48 Notice of Hearing
Adversary proceeding: 16-01288-scc Lehman Brothers Holdings Inc. v. Cornerstone Mortgage, Inc.
Doc# 39 Notice of Hearing
Adversary proceeding: 16-01289-scc Lehman Brothers Holdings Inc. v. First Bank
Doc# 44 Notice of Hearing
Adversary proceeding: 16-01290-scc Lehman Brothers Holdings Inc. v. First Mortgage Corporation
Doc# 56 Notice of Hearing
Adversary proceeding: 16-01291-scc Lehman Brothers Holdings Inc. v. Gateway Mortgage Group, LLC
Doc# 33 Notice of Hearing
Adversary proceeding: 16-01292-scc Lehman Brothers Holdings Inc. v. Guaranteed Rate, Inc.
Doc# 51 Notice of Hearing
Adversary proceeding: 16-01293-scc Lehman Brothers Holdings Inc. v. Paramount Residential Mortgage Group, Inc.
Doc# 32 Notice of Hearing
Adversary proceeding: 16-01294-scc Lehman Brothers Holdings Inc. v. Shea Mortgage Inc.
Doc# 32 Notice of Hearing
Adversary proceeding: 16-01295-scc Lehman Brothers Holdings Inc. v. Suburban Mortgage, Inc.
Doc# 54 Notice of Hearing
Adversary proceeding: 16-01296-scc Lehman Brothers Holdings Inc. v. Sun American Mortgage Company
Doc# 55 Notice of Hearing
Adversary proceeding: 16-01297-scc Lehman Brothers Holdings Inc. v. Universal American Mortgage Company, LLC
Doc# 50 Letter (related document(s)41)
Adversary proceeding: 16-01297-scc Lehman Brothers Holdings Inc. v. Universal American Mortgage Company, LLC
Doc# 45 Notice of Hearing (related document(s)41)
Adversary proceeding: 16-01297-scc Lehman Brothers Holdings Inc. v. Universal American Mortgage Company, LLC
Doc# 49 Notice of Hearing
Adversary proceeding: 16-01298-scc Lehman Brothers Holdings Inc. v. Oaktree Funding Corp.
Doc# 55 Notice of Hearing
Adversary proceeding: 16-01299-scc Lehman Brothers Holdings Inc. v. New Fed Mortgage Corp.
Doc# 55 Notice of Hearing
Adversary proceeding: 16-01300-scc Lehman Brothers Holdings Inc. v. American Home Equity Corporation
Doc# 28 Notice of Hearing
Adversary proceeding: 16-01301-scc Lehman Brothers Holdings Inc. v. MegaStar Financial Corp.
Doc# 35 Notice of Hearing
Adversary proceeding: 16-01302-scc Lehman Brothers Holdings Inc. v. Bondcorp Realty Services Inc.
Doc# 45 Notice of Hearing
Adversary proceeding: 16-01302-scc Lehman Brothers Holdings Inc. v. Bondcorp Realty Services Inc.
Doc# 47 Notice of Hearing re Motion to Withdraw as Attorney of Record for Bondcorp Realty Services Inc. (related document(s)46)
Adversary proceeding: 16-01303-scc Lehman Brothers Holdings Inc. v. City First Mortgage Services, L.L.C.
Doc# 28 Notice of Hearing
Adversary proceeding: 16-01304-scc Lehman Brothers Holdings Inc. v. Mega Capital Funding, Inc.
Doc# 56 Notice of Hearing
Adversary proceeding: 16-01305-scc Lehman Brothers Holdings Inc. v. First Equity Mortgage Bankers, Inc.
Doc# 34 Notice of Hearing
Adversary proceeding: 16-01306-scc Lehman Brothers Holdings Inc. v. Crestline Funding Corporation
Doc# 33 Notice of Hearing
Adversary proceeding: 16-01307-scc Lehman Brothers Holdings Inc. v. First Residential Mortgage Services Corporation
Doc# 28 Notice of Hearing
Adversary proceeding: 16-01308-scc Lehman Brothers Holdings Inc. v. Parkside Lending, LLC
Doc# 40 Notice of Hearing
Adversary proceeding: 16-01309-scc Lehman Brothers Holdings Inc. v. Loan Simple, Inc. f/k/a Ascent Home Loans Inc.,
Doc# 62 Notice of Hearing
Adversary proceeding: 16-01311-scc Lehman Brothers Holdings Inc. v. Atlantic Bay Mortgage Group, L.L.C.
Doc# 24 Notice of Hearing
Adversary proceeding: 16-01312-scc Lehman Brothers Holdings Inc. v. Aurora Financial, LLC f/k/a Aurora Mortgage, LLC
Doc# 28 Notice of Hearing
Adversary proceeding: 16-01313-scc Lehman Brothers Holdings Inc. v. First California Mortgage Company
Pre-trial Conference
Adversary proceeding: 16-01313-scc Lehman Brothers Holdings Inc. v. First California Mortgage Company
Doc# 49 Notice of Hearing
Adversary proceeding: 16-01314-scc Lehman Brothers Holdings Inc. v. Southeast Funding Alliance, Inc.
Doc# 29 Notice of Hearing
Adversary proceeding: 16-01316-scc Lehman Brothers Holdings Inc. v. Sterling National Mortgage Company, Inc.
Doc# 48 Notice of Hearing
Adversary proceeding: 16-01317-scc Lehman Brothers Holdings Inc. v. Hartland Mortgage Centers, Inc.
Doc# 53 Notice of Hearing
Adversary proceeding: 16-01318-scc Lehman Brothers Holdings Inc. v. Mortgage Capital Associates, Inc.
Doc# 34 Notice of Hearing
Adversary proceeding: 16-01319-scc Lehman Brothers Holdings Inc. v. Home Loan Mortgage Corporation
Doc# 26 Notice of Hearing
Adversary proceeding: 16-01320-scc Lehman Brothers Holdings Inc. v. Lakeland Mortgage Corporation
Doc# 25 Notice of Hearing
Adversary proceeding: 16-01322-scc Lehman Brothers Holdings Inc. v. Maribella Mortgage, LLC
Doc# 25 Notice of Hearing
Adversary proceeding: 16-01324-scc Lehman Brothers Holdings Inc. v. Ross Mortgage Corporation
Doc# 58 Notice of Hearing
Adversary proceeding: 16-01325-scc Lehman Brothers Holdings Inc. v. SecurityNational Mortgage Company
Doc# 41 Notice of Hearing
Adversary proceeding: 16-01326-scc Lehman Brothers Holdings Inc. v. WR Starkey Mortgage, LLP
Doc# 56 Notice of Hearing
Adversary proceeding: 16-01327-scc Lehman Brothers Holdings Inc. v. National Funding Company, LLC
Doc# 28 Notice of Hearing
Adversary proceeding: 16-01330-scc Lehman Brothers Holdings Inc. v. Oro Real, Inc.
Doc# 26 Notice of Hearing
Adversary proceeding: 16-01331-scc Lehman Brothers Holdings Inc. v. The Lending Company, Inc.
Doc# 26 Notice of Hearing
Adversary proceeding: 16-01332-scc Lehman Brothers Holdings Inc. v. CMG Mortgage, Inc.
Doc# 67 Notice of Hearing
Adversary proceeding: 16-01333-scc Lehman Brothers Holdings Inc. v. Windsor Capital Mortgage Corporation
Doc# 58 Notice of Hearing
Adversary proceeding: 16-01334-scc Lehman Brothers Holdings Inc. v. MC Advantage, LLC, f/k/a Republic Mortgage Home Lo
Doc# 59 Notice of Hearing
Adversary proceeding: 16-01335-scc Lehman Brothers Holdings Inc. v. Popular Mortgage Corp.
Doc# 29 Notice of Hearing
Adversary proceeding: 16-01337-scc Lehman Brothers Holdings Inc. v. Loan Correspondents, Inc.
Doc# 32 Notice of Hearing
Adversary proceeding: 16-01339-scc Lehman Brothers Holdings Inc. v. North Atlantic Mortgage Corporation
Doc# 44 Notice of Hearing
Adversary proceeding: 16-01341-scc Lehman Brothers Holdings Inc. v. Sierra Pacific Mortgage Company, Inc.
Doc# 33 Notice of Hearing
Adversary proceeding: 16-01342-scc Lehman Brothers Holdings Inc. v. Home Loan Center, Inc.
Doc# 34 Notice of Hearing
Adversary proceeding: 16-01343-scc Lehman Brothers Holdings Inc. v. Response Mortgage Services, Inc.
Doc# 43 Notice of Hearing
Adversary proceeding: 16-01344-scc Lehman Brothers Holdings Inc. v. Home Capital Funding, d/b/a Security One Lending e
Doc# 63 Notice of Hearing
Adversary proceeding: 16-01345-scc Lehman Brothers Holdings Inc. v. Directors Mortgage, Inc.
Doc# 39 Notice of Hearing
Adversary proceeding: 16-01346-scc Lehman Brothers Holdings Inc. v. Wei Mortgage LLC f/k/a Wei Mortgage Corporation
Doc# 33 Notice of Hearing
Adversary proceeding: 16-01347-scc Lehman Brothers Holdings Inc. v. American Lending Network, Inc.
Doc# 27 Notice of Hearing
Adversary proceeding: 16-01349-scc Lehman Brothers Holdings Inc. v. Mountain West Financial, Inc.
Doc# 33 Notice of Hearing
Adversary proceeding: 16-01350-scc Lehman Brothers Holdings Inc. v. Sacramento 1st Mortgage, Inc. individually and as
Doc# 39 Notice of Hearing
Adversary proceeding: 16-01351-scc Lehman Brothers Holdings Inc. v. Arlington Capital Mortgage Corporation et al
Doc# 77 Notice of Hearing
Adversary proceeding: 16-01353-scc Lehman Brothers Holdings Inc. v. PMAC Lending Services, Inc., individually and as s
Doc# 40 Notice of Hearing
Adversary proceeding: 16-01354-scc Lehman Brothers Holdings Inc. v. The Mortgage Store Financial, Inc.
Doc# 32 Notice of Hearing
Adversary proceeding: 16-01357-scc Lehman Brothers Holdings Inc. v. Santander Bank, N.A., f/k/a Sovereign Bank, FSB
Doc# 31 Notice of Hearing
Adversary proceeding: 16-01358-scc Lehman Brothers Holdings Inc. v. Sunset Mortgage Company L.P. et al
Doc# 35 Notice of Hearing
Adversary proceeding: 16-01359-scc Lehman Brothers Holdings Inc. v. CTX Mortgage Company, LLC
Doc# 36 Notice of Hearing
Adversary proceeding: 16-01360-scc Lehman Brothers Holdings Inc. v. Diversified Capital Funding, Inc. et al
Doc# 50 Notice of Hearing
Adversary proceeding: 16-01361-scc Lehman Brothers Holdings Inc. v. Residential Home Funding Corp.
Doc# 53 Notice of Hearing
Adversary proceeding: 16-01363-scc Lehman Brothers Holdings Inc. v. Gateway Bank, F.S.B
Doc# 27 Notice of Hearing
Adversary proceeding: 16-01364-scc Lehman Brothers Holdings Inc. v. Circle One Mortgage Company et al
Doc# 54 Notice of Hearing
Adversary proceeding: 16-01365-scc Lehman Brothers Holdings Inc. v. Republic State Mortgage Co., individually and as s
Doc# 58 Notice of Hearing
Adversary proceeding: 16-01367-scc Lehman Brothers Holdings Inc. v. Capital Bank Corporation, as successor by merger t
Doc# 40 Notice of Hearing
Adversary proceeding: 16-01369-scc Lehman Brothers Holdings Inc. v. Wintrust Mortgage Corporation
Doc# 53 Notice of Hearing
Adversary proceeding: 16-01370-scc Lehman Brothers Holdings Inc. v. WJ Capital Corporation et al
Doc# 51 Notice of Hearing
Adversary proceeding: 16-01371-scc Lehman Brothers Holdings Inc. v. Winstar Mortgage Partners, Inc.
Doc# 25 Notice of Hearing
Adversary proceeding: 16-01373-scc Lehman Brothers Holdings Inc. v. Freedom Mortgage Corporation
Doc# 35 Notice of Hearing
Adversary proceeding: 16-01374-scc Lehman Brothers Holdings Inc. v. DHI Mortgage Company, Ltd.
Doc# 32 Notice of Hearing
Adversary proceeding: 16-01376-scc Lehman Brothers Holdings Inc. v. BWC Mortgage Services et al
Doc# 71 Notice of Hearing
Adversary proceeding: 16-01377-scc Lehman Brothers Holdings Inc. v. 1 AM, LLC f/k/a 1st Advantage Mortgage, L.L.C et a
Doc# 34 Notice of Hearing
Adversary proceeding: 16-01378-scc Lehman Brothers Holdings Inc. v. America's Mortgage Alliance, Inc. et al
Doc# 45 Notice of Hearing
Adversary proceeding: 16-01379-scc Lehman Brothers Holdings Inc. v. First Capital Group, L.P. et al
Doc# 32 Notice of Hearing
Adversary proceeding: 16-01382-scc Lehman Brothers Holdings Inc. v. Fairmont Funding Ltd.
Doc# 26 Notice of Hearing
Adversary proceeding: 16-01383-scc Lehman Brothers Holdings Inc. v. Eagle Mortgage Holdings, LLC as successor by merge
Doc# 51 Notice of Hearing
Adversary proceeding: 16-01383-scc Lehman Brothers Holdings Inc. v. Eagle Mortgage Holdings, LLC as successor by merge
Doc# 52 Letter (related document(s)43)
Adversary proceeding: 16-01383-scc Lehman Brothers Holdings Inc. v. Eagle Mortgage Holdings, LLC as successor by merge
Doc# 47 Notice of Hearing (related document(s)43)
Adversary proceeding: 17-01001-scc Lehman Brothers Holdings Inc. v. Guild Mortgage Company
Doc# 82 Notice of Hearing
Adversary proceeding: 18-01695-scc Lehman Brothers Holdings Inc. v. 1st 2nd Mortgage Company of N.J., Inc.
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01696-scc Lehman Brothers Holdings Inc. v. All Home Lending, Inc.
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01696-scc Lehman Brothers Holdings Inc. v. All Home Lending, Inc.
Pre-trial Conference
Adversary proceeding: 18-01697-scc Lehman Brothers Holdings Inc. v. American Capital Mortgage, Inc.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01698-scc Lehman Brothers Holdings Inc. v. American Interbanc Mortgage, LLC
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01699-scc Lehman Brothers Holdings Inc. v. Colonial Savings, F.A.
Doc# 14 Notice of Hearing
Adversary proceeding: 18-01699-scc Lehman Brothers Holdings Inc. v. Colonial Savings, F.A.
Pre-trial Conference
Adversary proceeding: 18-01700-scc Lehman Brothers Holdings Inc. v. Colorado Federal Savings Bank
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01701-scc Lehman Brothers Holdings Inc. v. First Credit Union
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01702-scc Lehman Brothers Holdings Inc. v. First Guaranty Mortgage Corp.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01703-scc Lehman Brothers Holdings, Inc. v. Cornerstone Mortgage Corporation d/b/a Cornerstone
Pre-trial Conference
Adversary proceeding: 18-01703-scc Lehman Brothers Holdings, Inc. v. Cornerstone Mortgage Corporation d/b/a Cornerstone
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01704-scc Lehman Brothers Holdings Inc. v. First Independent Mortgage Company
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01705-scc Lehman Brothers Holdings Inc. v. Genpact Mortgage Services, Inc.
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01706-scc Lehman Brothers Holdings, Inc. v. Victoria Capital, Inc.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01707-scc Lehman Brothers Holdings Inc. v. George Mason Mortgage LLC
Doc# 13 Notice of Hearing
Adversary proceeding: 18-01708-scc Lehman Brothers Holdings Inc. v. GFI Mortgage Bankers, Inc.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01709-scc Lehman Brothers Holdings, Inc. v. MASON MCDUFFIE MORTGAGE CORPORATION
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01710-scc Lehman Brothers Holdings, Inc. v. Merrimack Mortgage Company, Inc.
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01711-scc Lehman Brothers Holdings Inc. v. Grand Bank, NA Corp.
Doc# 13 Notice of Hearing
Adversary proceeding: 18-01712-scc Lehman Brothers Holdings Inc. v. Network Mortgage Services, Inc.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01713-scc Lehman Brothers Holdings, Inc. v. Banc of California, Inc., as successor by merger t
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01714-scc Lehman Brothers Holdings Inc. v. Nova Financial & Investment Corporation
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01715-scc Lehman Brothers Holdings, Inc. v. LHM Financial Corporation
Doc# 15 Notice of Hearing
Adversary proceeding: 18-01716-scc Lehman Brothers Holdings Inc. v. On Q Financial, Inc.
Doc# 13 Notice of Hearing
Adversary proceeding: 18-01717-scc Lehman Brothers Holdings, Inc. v. Luxury Mortgage Corp.
Doc# 15 Notice of Hearing
Adversary proceeding: 18-01718-scc Lehman Brothers Holdings Inc. v. RBC Centura Bank
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01718-scc Lehman Brothers Holdings Inc. v. RBC Centura Bank
Pre-trial Conference
Adversary proceeding: 18-01719-scc Lehman Brothers Holdings, Inc. v. American Home Bank, N.A., a Division of Graystone
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01720-scc Lehman Brothers Holdings Inc. v. RMS & Associates
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01721-scc Lehman Brothers Holdings Inc. v. Seattle Bank F/K/A Seattle Savings Bank
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01722-scc Lehman Brothers Holdings Inc. v. Skyline Financial Corp.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01722-scc Lehman Brothers Holdings Inc. v. Skyline Financial Corp.
Pre-trial Conference
Adversary proceeding: 18-01723-scc Lehman Brothers Holdings Inc. v. Webster Bank N.A.
Doc# 13 Notice of Hearing
Adversary proceeding: 18-01724-scc Lehman Brothers Holdings Inc. v. Baltimore American Mortgage Corporation Inc.
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01725-scc Lehman Brothers Holdings Inc. v. LOANDEPOT.COM, LLC, as successor by merger to MORT
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01726-scc Lehman Brothers Holdings Inc. v. Southern Fidelity Mortgage, LLC
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01727-scc Lehman Brothers Holdings Inc. v. Synovus Mortgage Corp.
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01728-scc Lehman Brothers Holdings Inc. v. Texas Capital Bank, NA
Doc# 21 Notice of Hearing
Adversary proceeding: 18-01729-scc Lehman Brothers Holdings Inc. v. The Mortgage House, Inc.
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01730-scc Lehman Brothers Holdings Inc. v. Union Mortgage Group, Inc.
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01731-scc Lehman Brothers Holdings Inc. v. Jersey Mortgage Company of New Jersey, Inc.
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01732-scc Lehman Brothers Holdings Inc. v. United Bank
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01733-scc Lehman Brothers Holdings Inc. v. Group 2000 Real Estate Services, Inc.
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01734-scc Lehman Brothers Holdings Inc. v. Vitek Real Estate Industries Group, Inc.
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01735-scc Lehman Brothers Holdings Inc. v. Sun West Mortgage Company, Inc.
Doc# 14 Notice of Hearing
Adversary proceeding: 18-01736-scc Lehman Brothers Holdings Inc. v. Salem Five Mortgage Company, LLC
Doc# 9 Notice of Hearing
Adversary proceeding: 18-01737-scc Lehman Brothers Holdings Inc. v. Monarch Funding Corp.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01738-scc Lehman Brothers Holdings Inc. v. Alliance Mortgage Banking, Corp.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01739-scc Lehman Brothers Holdings Inc. v. Lendus, LLC, as successor by merger to NL, Inc.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01740-scc Lehman Brothers Holdings Inc. v. Mortgage World Bankers, Inc.
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01741-scc Lehman Brothers Holdings Inc. v. RBC Mortgage Company
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01742-scc Lehman Brothers Holdings Inc. v. Summit Funding, Inc.
Doc# 9 Notice of Hearing
Adversary proceeding: 18-01743-scc Lehman Brothers Holdings Inc. v. Sutton Bank
Doc# 21 Notice of Hearing
Adversary proceeding: 18-01744-scc Lehman Brothers Holdings Inc. v. Greenwich Home Mortgage Corp.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01745-scc Lehman Brothers Holdings Inc. v. The Mortgage Firm, Inc.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01746-scc Lehman Brothers Holdings Inc. v. Wall Street Mortgage Bankers, Ltd.
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01747-scc Lehman Brothers Holdings Inc. v. TBI Mortgage Company f/k/a Westminster Mortgage Co
Pre-trial Conference
Adversary proceeding: 18-01747-scc Lehman Brothers Holdings Inc. v. TBI Mortgage Company f/k/a Westminster Mortgage Co
Doc# 14 Notice of Hearing
Adversary proceeding: 18-01748-scc Lehman Brothers Holdings Inc. v. Market Street Mortgage Corp.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01750-scc Lehman Brothers Holdings Inc. v. Just Mortgage, Inc.
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01751-scc Lehman Brothers Holdings Inc. v. Covino & Company, Inc.d/b/a Luxmac, as successor t
Doc# 9 Notice of Hearing
Adversary proceeding: 18-01752-scc Lehman Brothers Holdings Inc. v. Homeward Residential, Inc. as successor to Lendia,
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01753-scc Lehman Brothers Holdings Inc. v. Choice Mortgage Bank, Inc., as successor to K & B
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01754-scc Lehman Brothers Holdings Inc. v. Goldwater Bank, N.A., as successor to Community Ba
Doc# 13 Notice of Hearing
Adversary proceeding: 18-01755-scc Lehman Brothers Holdings Inc. v. Branch Banking and Trust Company, as successor by
Pre-trial Conference
Adversary proceeding: 18-01755-scc Lehman Brothers Holdings Inc. v. Branch Banking and Trust Company, as successor by
Doc# 13 Notice of Hearing
Adversary proceeding: 18-01756-scc Lehman Brothers Holdings Inc. v. EMBRACE HOME LOANS, INC. f/k/a ADVANCED FINANCIAL
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01757-scc Lehman Brothers Holdings Inc. v. Access National Bank, as successor to Access Natio
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01758-scc Lehman Brothers Holdings Inc. v. Equity Mortgage, LLC
Doc# 10 Notice of Hearing
Adversary proceeding: 18-01759-scc Lehman Brothers Holdings Inc. v. First Horizon Home Loan Corporation
Doc# 20 Notice of Hearing
Adversary proceeding: 18-01760-scc Lehman Brothers Holdings Inc. v. Ameris Bank, as successor by merger to The Coastal
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01761-scc Lehman Brothers Holdings Inc. v. Banco Popular North America
Doc# 11 Notice of Hearing
Adversary proceeding: 18-01762-scc Lehman Brothers Holdings Inc. v. E-Loan, Inc.
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01763-scc Lehman Brothers Holdings Inc. v. Flagstar Capital Markets Corporation et al
Doc# 16 Notice of Hearing
Adversary proceeding: 18-01764-scc Lehman Brothers Holdings Inc. v. Mountain America Financial Services, LLC et al
Doc# 14 Notice of Hearing
Adversary proceeding: 18-01766-scc Lehman Brothers Holdings Inc. v. Mortgage Services III, LLC et al
Doc# 12 Notice of Hearing
Adversary proceeding: 18-01790-scc Lehman Brothers Holdings Inc. v. APPROVED FUNDING CORP.
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01791-scc Lehman Brothers Holdings Inc. v. LOAN SIMPLE, INC. f/k/a ASCENT HOME LOANS, INC. f/
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01792-scc Lehman Brothers Holdings Inc. v. BONDCORP REALTY SERVICES INC.
Doc# 3 Notice of Hearing
Adversary proceeding: 18-01793-scc Lehman Brothers Holdings Inc. v. Broadview Mortgage Corporation
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01795-scc Lehman Brothers Holdings Inc. v. CHERRY CREEK MORTGAGE CO., INC.
Doc# 3 Notice of Hearing
Adversary proceeding: 18-01796-scc Lehman Brothers Holdings Inc. v. CMG MORTGAGE, INC. et al
Doc# 8 Notice of Hearing
Adversary proceeding: 18-01797-scc Lehman Brothers Holdings Inc. v. FIRST CALIFORNIA MORTGAGE COMPANY
Doc# 3 Notice of Hearing
Adversary proceeding: 18-01798-scc Lehman Brothers Holdings Inc. v. FIRST MORTGAGE CORPORATION
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01799-scc Lehman Brothers Holdings Inc. v. GUARANTEED RATE, INC. d/b/a GUARANTEED RATE.COM
Doc# 3 Notice of Hearing
Adversary proceeding: 18-01800-scc Lehman Brothers Holdings Inc. v. HARTLAND MORTGAGE CENTERS, INC.
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01801-scc Lehman Brothers Holdings Inc. v. MEGA CAPITAL FUNDING, INC.
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01804-scc Lehman Brothers Holdings Inc. v. MEGASTAR FINANCIAL CORP.
Doc# 6 Notice of Hearing
Adversary proceeding: 18-01806-scc Lehman Brothers Holdings Inc. v. NEW FED MORTGAGE, CORP.
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01808-scc Lehman Brothers Holdings Inc. v. OAKTREE FUNDING CORP.
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01811-scc Lehman Brothers Holdings Inc. v. MC ADVANTAGE, LLC, f/k/a REPUBLIC MORTGAGE HOME LO
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01813-scc Lehman Brothers Holdings Inc. v. REPUBLIC STATE MORTGAGE CO., individually and as s
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01815-scc Lehman Brothers Holdings Inc. v. RESIDENTIAL HOME FUNDING CORP.
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01818-scc Lehman Brothers Holdings Inc. v. RESPONSE MORTGAGE SERVICES, INC.
Doc# 5 Notice of Hearing
Adversary proceeding: 18-01819-scc Lehman Brothers Holdings Inc. v. SECURITYNATIONAL MORTGAGE COMPANY
Doc# 3 Notice of Hearing
Adversary proceeding: 18-01820-scc Lehman Brothers Holdings Inc. v. WINTRUST MORTGAGE CORPORATION, as successor by mer
Doc# 3 Notice of Hearing
Adversary proceeding: 18-01821-scc Lehman Brothers Holdings Inc. v. SIERRA PACIFIC MORTGAGE COMPANY, INC.
Doc# 5 Notice of Hearing
Adversary proceeding: 18-01823-scc Lehman Brothers Holdings Inc. v. BWC MORTGAGE SERVICES et al
Doc# 8 Notice of Hearing
Adversary proceeding: 18-01824-scc Lehman Brothers Holdings Inc. v. STERLING NATIONAL MORTGAGE COMPANY, INC.
Doc# 7 Notice of Hearing
Adversary proceeding: 18-01825-scc Lehman Brothers Holdings Inc. v. SUBURBAN MORTGAGE, INC.
Doc# 4 Notice of Hearing
Adversary proceeding: 18-01826-scc Lehman Brothers Holdings Inc. v. SUN AMERICAN MORTGAGE COMPANY
Doc# 6 Notice of Hearing
Adversary proceeding: 18-01827-scc Lehman Brothers Holdings Inc. v. WR STARKEY MORTGAGE, LLP
Doc# 6 Notice of Hearing
Adversary proceeding: 18-01828-scc Lehman Brothers Holdings Inc. v. Windsor Capital Mortgage Corporation
Doc# 6 Notice of Hearing
Adversary proceeding: 18-01829-scc Lehman Brothers Holdings Inc. v. Circle One Mortgage Company et al
Doc# 6 Notice of Hearing
Adversary proceeding: 18-01830-scc Lehman Brothers Holdings Inc. v. DITECH FINANCIAL LLC, as successor to merger to DI
Doc# 3 Notice of Hearing
Adversary proceeding: 18-01831-scc Lehman Brothers Holdings Inc. v. Ross Mortgage Corporation
Doc# 6 Notice of Hearing
Adversary proceeding: 18-01839-scc Lehman Brothers Holdings Inc. v. Imortgage.com, Inc. et al
Doc# 3 Notice of Hearing
Adversary proceeding: 18-01840-scc Lehman Brothers Holdings Inc. v. Arlington Capital Mortgage Corporation et al
Doc# 6 Notice of Hearing
Adversary proceeding: 18-01842-scc Lehman Brothers Holdings Inc. v. PMAC Lending Services, Inc., individually and as s
Doc# 3 Notice of Hearing
Adversary proceeding: 18-01866-scc Lehman Brothers Holdings Inc. v. Guild Mortgage Company individually and as success
Doc# 8 Notice of Hearing
Adversary proceeding: 18-01867-scc Lehman Brothers Holdings Inc. v. American Bank et al
Doc# 6 Notice of Hearing
FCB's Gasparino:
"Fannie & Freddie investors are Hedge Funds led by Paulson and a lot of small traders in their Mother's Basement. If they make money, fine."
Well, that's an earful.
Stockman is interesting.
He talks about monetizing debt as Fed rates dipped below the front end of the curve. Interest rates below inflation rates.
Hopefully, it will work for LBHI a recovery investment.
Link: https://www.msn.com/en-us/money/markets/contrarian-who-called-2008-housing-crash-expects-a-recession-this-year/ar-BBSCOcj?ocid=spartanntp
<<. . . Because it is the bank that generates cash while it is the holding company that owes the back interest, cash needs to be transferred from the bank to the holding company to satisfy the debt, even though they are for practical purposes the same entity. But because the general rule is to disallow the up-streaming of cash to the parent for the payment of dividends (remember the holding company treats Trups as equity), no cash is available even in cases where the bank has excess capital reserves.
The result may be that some banks with sufficient capital to make good on their loan obligations will be forced into default ? in other words, an action ostensibly taken to strengthen the bank (holding excess cash to improve the capital position) may end up bankrupting the bank through the holding company. Yet the Fed and FDIC seem curiously unconcerned about this scenario.>>
Financial structure in the largest complex US Financial Institutions is accomplished with specificity and purpose.
What I don't like are lawmakers stepping into complex situations and prospectus covenants and re-write laws to curry favor to their constituency. (Dodd-Frank)
What fund entities, Joe Oblovious?
LBIE?
Seriously?
It's also some of the tallest surf in the World outside of Half Moon Bay, CA during a few times of the season.
What are Maverick Claims?
Yes.
Isn't that true for all guarantees of LBHI?
Argus,
Claims of fraudulent business contracts, whether they are guarantees or subordinated debentures or both, are among the hardest claims to discharge from a bankruptcy.
If there is "no money", than it seems we need a Court decision where Debtors receives less, guarantors are forced to pay or a subsidiary is paid to assume the contractual obligations.
If a new hold co. is formed, can they operate the tax benefits without assuming the guaranteed debt?
I'm wondering out loud here and posted the question before.
2nd attempt.
toogood,
Do you know if you can cancel debt in a Chp 11 without forming a new holding co?
Do you have to have the same hold co to use the NOLs?
Thanks.
Which debts Cannot be discharged?
Not all debts can be discharged, however, and several are very difficult to discharge. The most common types of debt to avoid discharge include tax liens, student loans, alimony, debts obtained through fraud, debts for willful injury or wrongful death, and debts where the borrower was acting in a fiduciary capacity.
I can't feel my toes.
Or are our nuts nailed to our forehead?
swissy,
It looks like they're planning to discharge some debt, if I'm reading it correctly.
Maybe you need to refer to your research where you thought NOLs were to be eliminated?
Or, bring it up with another (im)poster?
Good luck.
From 10/04/18 Quarterly -
"Net Operating Losses
The NOLs of the LBHI Tax Group (including Debtor-Controlled Entities) are subject to audit and adjustment by the IRS and primarily expire in or about 2028. Substantially all of the LBHI Tax Group’s current consolidated net operating loss carryovers are attributable to the Debtors. The Plan provides for an orderly liquidation of the Debtors. As previously disclosed in the Company’s Quarterly Financial Report as of March 31, 2012 [Docket No. 29731], the LBHI Tax Group received a private letter ruling from the IRS in connection with the Plan going effective that stated (i) the liquidation of the Debtors for U.S. federal income tax purposes may occur over an extended period, and (ii) the reduction of the LBHI Tax Group’s NOLs as a result of the discharge of debt pursuant to the Plan generally would not occur until completion of the liquidation. All remaining Debtor NOLs not previously utilized to absorb taxable income of the LBHI Tax Group are expected to be fully utilized to offset the discharge of debt on the final date of liquidation of the Debtors." (pg. 23)
Attributable to the Debtors means "caused by the Debtors", IMO, not "owned by the Debtors."
The question becomes, "Have they looted the Lehman Estate to the point the Debtors can't step back in to restructure the Debt positions and operate Lehman for future revenues and perform all guarantees?"
Another thought.
"If you co-sign a guarantee for a mortgage for a son or daughter, when they fail to make payments, you step in to make all remaining payments."
Can it be as simple as that?
Fast?
You sound like Alvarez in 2009.
I'll believe it when I see it.
GLTA
No, wayne.
They didn't have the decency to make the deposit decision in the Courts prior to their conversion ratios that culminated into WMIH.
It's a real long game with JPM.
It could be just "What the Doctor ordered."
We'll see.
WAMU is the only hostile takeover I know where the acquiring entity claimed a $4B cash corporate account didn't exist in the holding companies name to pay $1.9B for hundreds of locations out West.
The Court over ruled the claim, stating the account was in fact a corporate asset.
Furthermore, the credit card business had a lower default rate than the acquiring company as did the mortgage loan business.
$320B in assets for $1.9B?
What a crock of legal thievery.
I never sold my original WAMU shares.
"Lehman Brothers provided investment opportunities to its clients via the issuance of LBT Issued Notes. The EMTN Program and Non-EMTN Programs were investment programs arranged by Lehman Brothers International (Europe) (“LBIE”) under which LBT, among other entities, issued structured notes to individuals and financial institutions. These notes predominately provide that the return at maturity and/or the payment of periodic interest is linked to the performance of an underlying asset or groups of assets including global indices, single stocks, currencies, interest rates, and various credit derivative instruments and baskets thereof (“Underlying” or “Underlyings”). In some instances principal and/or interest due under such notes may be partially or wholly “protected”. Some structured notes were relatively simple notes that paid interest at fixed or floating rates; others were highly complex and uniquely tailored to the interests of specific investors. LBIE, with the assistance of Lehman Brothers Limited (“LBL”), acted as the arranger, dealer, and calculation agent with respect to the EMTN Program and Non-EMTN Programs."
LBT could be issuing secured Notes in which case there is an underlying asset.
The question becomes where are the assets? On what balance sheet? And, what is the market value of the asset?