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Yes, Weil. They settled ECAPs. ECAPs are similar in scenario as our CTs. ECAPS got settled and reclassed.
LBHI made the error of classing the CTs in 10B. They were fully aware of the error in the past and definitely aware of the error now. It is the Plan Admin and LBHI's legal responsibility to correct any errors they are aware of. The CTs were brought to their attention.
Judge Chapman is responsible to see all errors get corrected when brought to her attention.
That is why we see the waske and wossolek motions. The Plan Admin is trying to intentionally defraud the CTs now and put the integrity of the bankruptcy in jeopardy.
ITS SIMPLE. ALL THE TERM OF THE SUBORDINATED GUARANTEE MUST BE HONORED AND ENFORCED AS STIPULATED BY BANKRUPTCY CODE 510(A).
Mob rule is what is happening with this bankruptcy.
Does Judge Chapman want to follow the law or continue with the Plan Admin's narrative of harming creditors. The Plan Admin just admitted LBHI violated Bankruptcy Code 510(A) by violating the Subordinated Guarantee.
The Plan Admin have been doing this for years and knows he is violating Bankruptcy Code 510(A). The Plan Admin and LBHI should be held accountable for their actions and be PUNISHED on top of correcting they are continuing to perpetrate. Everything they do from 2019 when they officially have been put on record as knowing about the subordianted guarantees and bankruptcy code 510(A) is INTENTIONALLY deceiving for material gains hurting the CT holders and the integrity of the BK Court and Law.
The integrity of the entire bankruptcy is in jeopardy. They might as well scrap bankruptcy code 510(A) from BK Law if the the largest corporate BK in US history can violate it with no consequences.
That trade did not register during normal trading hours.
Why are you attacking me? This is what toogood wants. He is the one who decided to attack me because I support the lawsuits as a shareholder. You need to go back and understand who is attacking who.
I joined this board about a year ago. I guess you can call me new. What I contributed thus far is backed with proof unlike toogood's unsubstantiated claims. I contributed here in a year more accurate info than toogood did in over 10 years.
Plus, the guy is probably bitter because he had to sell shares last week at a more depressed price than todays. What he is doing right now is destructive and outright deceitful. Shame on him.
I agree. There was no need to give the objection any credibility by responding to it.
Good questions.
Why dont you ask toogood himself if he is lying? What is my agenda?
And plus the objection was not timely filed. It is not valid at this time. That is why imo wassolek did not respond to it.
I like to read the objection. It shows weakness and fear. What is funny is how is filing the certificates harming the other creditors? The certificates are to show LBHI is in compliance or not with the Important Covenants of LBH AND THE TERMS OF THE SUBORDINATED GUARANTEE which includes the "parity" provisions. How does filing the certificates which is a piece of paper cause harm to the creditors?
The Plan Admin just admitted that they violated the subordinated guarantee. Only violating the subordinated guarantee will trigger enforcement which would then rightfully bring the terms of the subordinated guarantee to the forefront. Plus, LBHI through the Plan Admin knowingly violated the subordinated guatantee(s) for years. They willfully violated the guarantee. That is negligence to fraud on their end. They know it.
LBHI through the Plan Admin continue to violate the subordinated guarantee to this day. The KNOW. They intented to deceive. The PLAN ADMIN KNOWS! FRAUD!
Chapman must be too busy to rule on the wessolek motion. Lol
I think it’s just a TD notice.
The lawsuits did not get denied. Toogood has now become just a liar with no credibility.
I think Chapman is waiting for the Appeals court to rule first before she rules on the Covenant Certificates. That is just my opinion.
I give Wessolek props for not responding to the objection. Nicely done.
Like I said, you have no clue on what is going on with the CTs. Its either that you are clueless or that you are spreading lies now. Which one us it? Either one you choose is pathetic.
No, show me the post. If you are right, I will sell. If you are lying, it shows your character and upbringing.
Our CTs should have been redeemed when Neuberger Berman redeemed their preferred stocks from LBHI. Or when LBMB redeemed their preferred shares or any other affiliate redeemed their preferred shares as stated by the subordinated guarantee which is backed by bankruptcy code 510(a). That is 25 RV. Period.
Heck recently, ECAPS and LBIE. They paid off their preferreds and other affiliates did so too. There are violations everywhere of the subordinated guarantee.
Just with the subordinated guarantee alone and bankruptcy code 510(a), the CTs if not redeemed should have not been classed into 10B. A redemption or reclass is the right thing to do if this Lehman Brothers holdings bankruptcy DO NOT PLAN TO VIOLATE BANKRUPTCY CODE 510(A) intentionally.
The judge chapman, the plan administrator and LBHI are all aware of the CT's subordinated guarantee, the violations and bankruptcy code 510(A). That is why the Plan Admin is not recommending LBHI to file the Important Covenants of LBHI.
There has to be something in Biden's 2.4 trillion dollar pork package for CT holders!!!
There was last minute buying today. Whats the news?
Are we getting redeemed?
You are pathetic lol. I will just let the board judge you. Its official, you have no clue on what you are talking about nor do you have the slightest understanding on what is going in with the CTs.
Please explain what docket # 61124 is about? Lol
The Motion to Compel you posted succeeded. It was granted by the court. Lol.
I just want to point out that not everyone is a big wig like you. I am small time. V
I am not buying 1k worth, but I bought 100 shares of Ls for .1418 ask this am. Everytime I skip lunch as a part of my unhealthy diet, I transfer the money to my investment account. I have been saving to buy fnf preferreds but once in awhile like today I "splurge" on the CTs. Lol
Does anyone bother clicking on my link or try to remotely understand what I said? There seems to be a major quality in investor knowledge and willingness to DD between wamu and lehman investors.
Reread my posts and click on my links that I used to back up my post before you respond.
That is what I said. I also posted this link on my earlier post.
https://investorshub.advfn.com/Washington-Mutual-WAHUQ-Trust-Prf-(fka-WAHUQ)-14346/
Wamuq if you were in wamu is common knowledge that its the commons.
As per the link. Wahuq was the piers or uq. I guess the confusion is wamuq vs wahuq. They are both UQs. Regardless, the piers got paid and they are CTs. So, did the CTs for Enron and AIG as well as others. That was the main point.
Piers were the UQs. See my previous post. I posted a link that verified it.
Then UQ is piers. Final answer :)
https://investorshub.advfn.com/Washington-Mutual-WAHUQ-Trust-Prf-(fka-WAHUQ)-14346/
Its either pq or uq. Its not kq. I owned kq. Pick your poison. Pq is the 1000rv preferred?
Piers is PQ. Piers was wamu's CTs.
Lbie is an affiliate? What happens if they are a subsidiary? I had a fun time researching the difference between an affiliate vs a subsidiary. LBIE is clearly an affiliate and there is written proof.
I was told by one of the WWWs that all subsidiaries are affiliates but not all affiliates are subsidiaries. Or was it the other way around, lol.
As soon as lbhi decides to pay class 12, it will be like flipping a switch for them. Fast and Easy! Right now, they are obs acting like a placeholder.
I hope toogood is right. Although, I question some of his reasoning and logic. I also hope www wins out. Its foolish to root against any shareholder on this board who can benefit us. We are all on the same boat. If I get a dollar, toogood gets a dollar and we all get a dollar. If I get nothing, we all get nothing.
I think everyone is civil and courtesy except for toogood.
Dismissed? How so? A letter was written recently. Its ongoing per the dockets sidedraft and cottonisking listed.
Where did you see that any one of the www cases are dismissed? Is it another one of your fantasies to make yourself feel better lol. You have no credibility left.
Lol. You are a joke. You have no clue what is going on and yet you try to talk like you are an expert. Now, that is funny.
Thank you. I read the letter. The Appeals are closing in on 6 months. The courts move slow.
Did you not hear what I said, I will sell if www loses. Www are still active. Is that not clear to you?