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State of the estate dated 10/28/2010
http://dm.epiq11.com/LBI/document/GetDocument.aspx?DocumentId=1281986
This boils my blood... you are now asking for bounces during the BK process...you gotta be joking...
http://www.reuters.com/article/idUSN2814557620101028
Everyone is getting bonuses and I'm getting the bone.
Please note the information that I posted is from the SIPA Securities Investor Protection Act site... so hopefully they will provide more details in the presentation and the information gets distributed.
http://dm.epiq11.com/LBI/Project/default.aspx
Go Lehman and SF Giants :P
LBI Trustee's Fourth Interim Report
http://dm.epiq11.com/LBI/document/GetDocument.aspx?DocumentId=1281297
Tomorrow 10/28/2010:
The Trustee will, at the Court’s request, make a "State of the LBI Estate" presentation (the “Presentation”) on October 28, 2010 at 10:00 a.m. The Presentation will be held before the Honorable James M. Peck, United States Bankruptcy Judge, at the United States Bankruptcy Court, Alexander Hamilton Customs House, Courtroom 601, One Bowling Green, New York, New York 10004.
LBI Trustee's Fourth Interim Report
http://dm.epiq11.com/LBI/document/GetDocument.aspx?DocumentId=1281297
Tomorrow 10/28/2010:
The Trustee will, at the Court’s request, make a "State of the LBI Estate" presentation (the “Presentation”) on October 28, 2010 at 10:00 a.m. The Presentation will be held before the Honorable James M. Peck, United States Bankruptcy Judge, at the United States Bankruptcy Court, Alexander Hamilton Customs House, Courtroom 601, One Bowling Green, New York, New York 10004.
I Never Approved The Sale Of Lehman To Barclays
http://finance.yahoo.com/news/Bankruptcy-Judge-Bombshell-I-siliconalley-1109830865.html?x=0
Courtney Comstock, On Thursday October 21, 2010, 5:14 pm EDT
Lehman may finally have found someone who will stand behind its argument that it was treated unfairly in its firesale and is owed billions of dollars.
Lehman execs have been somewhat successful in convincing Judge Peck, who will decide in January or February whether or not Lehman is owed money from Barclays, that he can overturn the final sale of Lehman to Barclays.
From Bloomberg:
“Let me be clear about one thing, Mr. Boies,” Peck told Barclays’ lawyer David Boies. “I never approved the clarification letter.”
Now Peck says that because Barclays got an extra $11 billion from Lehman, and he never knew about it, he never approved the final sale.
From Bloomberg:
U.S. Bankruptcy Judge James Peck said he never approved final documents for the sale of bankrupt Lehman Brothers Holdings Inc.’s brokerage to Barclays Plc.
The result could be that Peck overturns his original approval of the sale (on September 20, 2008), potentially so that it is determined null and void.
But that probably won't happen, according to another bankruptcy judge who spoke to Bloomberg.
Peck will be reluctant to overturn his entire sale order for “bankruptcy policy reasons."
I Never Approved The Sale Of Lehman To Barclays
http://finance.yahoo.com/news/Bankruptcy-Judge-Bombshell-I-siliconalley-1109830865.html?x=0
Courtney Comstock, On Thursday October 21, 2010, 5:14 pm EDT
Lehman may finally have found someone who will stand behind its argument that it was treated unfairly in its firesale and is owed billions of dollars.
Lehman execs have been somewhat successful in convincing Judge Peck, who will decide in January or February whether or not Lehman is owed money from Barclays, that he can overturn the final sale of Lehman to Barclays.
From Bloomberg:
“Let me be clear about one thing, Mr. Boies,” Peck told Barclays’ lawyer David Boies. “I never approved the clarification letter.”
Now Peck says that because Barclays got an extra $11 billion from Lehman, and he never knew about it, he never approved the final sale.
From Bloomberg:
U.S. Bankruptcy Judge James Peck said he never approved final documents for the sale of bankrupt Lehman Brothers Holdings Inc.’s brokerage to Barclays Plc.
The result could be that Peck overturns his original approval of the sale (on September 20, 2008), potentially so that it is determined null and void.
But that probably won't happen, according to another bankruptcy judge who spoke to Bloomberg.
Peck will be reluctant to overturn his entire sale order for “bankruptcy policy reasons."
I Never Approved The Sale Of Lehman To Barclays
http://finance.yahoo.com/news/Bankruptcy-Judge-Bombshell-I-siliconalley-1109830865.html?x=0
Courtney Comstock, On Thursday October 21, 2010, 5:14 pm EDT
Lehman may finally have found someone who will stand behind its argument that it was treated unfairly in its firesale and is owed billions of dollars.
Lehman execs have been somewhat successful in convincing Judge Peck, who will decide in January or February whether or not Lehman is owed money from Barclays, that he can overturn the final sale of Lehman to Barclays.
From Bloomberg:
“Let me be clear about one thing, Mr. Boies,” Peck told Barclays’ lawyer David Boies. “I never approved the clarification letter.”
Now Peck says that because Barclays got an extra $11 billion from Lehman, and he never knew about it, he never approved the final sale.
From Bloomberg:
U.S. Bankruptcy Judge James Peck said he never approved final documents for the sale of bankrupt Lehman Brothers Holdings Inc.’s brokerage to Barclays Plc.
The result could be that Peck overturns his original approval of the sale (on September 20, 2008), potentially so that it is determined null and void.
But that probably won't happen, according to another bankruptcy judge who spoke to Bloomberg.
Peck will be reluctant to overturn his entire sale order for “bankruptcy policy reasons."
Tomorrow 10/27/2010 @ 10:00 AM
Hearing
(a) Debtors’ Objection to Proofs of Claim Filed by William Kuntz, III (Claim Nos. 33550, 33551, 33552, 35121 and 35430) (Case No. 08-13555, Docket No. 11351) [Responses are due by October 20, 2010 at 4:00 p.m.]
(b) Debtors’ Thirty-Fifth Omnibus Objection to Claims (Valued Derivative Claims) (Case No. 08-13555, Docket No. 11260) [Responses are due by October 13, 2010 at 4:00 p.m.]
(c) Debtors’ Thirty-Sixth Omnibus Objection to Claims (Failure to Submit Guarantee Questionnaires) (Case No. 08-13555, Docket No. 11301) [Responses are due by October 18, 2010 at 4:00 p.m.]
(d) Debtors’ Thirty-Seventh Omnibus Objection to Claims (No Liability Claims) (Case No. 08-13555, Docket No. 11302) [Responses are due by October 18, 2010 at 4:00 p.m.]
(e) Debtors’ Thirty-Eighth Omnibus Objection to Claims (Amended and Superseded Claims) (Case No. 08-13555, Docket No. 11303) [Responses are due by October 18, 2010 at 4:00 p.m.]
(f) Debtors’ Thirty-Ninth Omnibus Objection to Claims (Duplicative Claims) (Case No. 08-13555, Docket No. 11303) [Responses are due by October 18, 2010 at 4:00 p.m.]
(g) Debtors’ Fortieth Omnibus Objection to Claims (Late-Filed Claims) (Case No. 08-13555, Docket No. 11305) [Responses are due by October 18, 2010 at 4:00 p.m.]
(h) Debtors’ Forty-First Omnibus Objection to Claims (Late-Filed Claims) (Case No. 08-13555, Docket No. 11306) [Responses are due by October 18, 2010 at 4:00 p.m.]
(i) Debtors’ Forty-Second Omnibus Objection to Claims (Late-Filed Lehman Programs Securities Claims) (Case No. 08-13555, Docket No. 11306) [Responses are due by October 18, 2010 at 4:00 p.m.]
(j) Debtors’ Forty-Third Omnibus Objection to Claims (Late-Filed Lehman Programs Securities Claims) (Case No. 08-13555, Docket No. 11308) [Responses are due by October 18, 2010 at 4:00 p.m.]
(k) Debtors’ Forty-Fourth Omnibus Objection to Claims (Settled Derivative Claims) (Case No. 08-13555, Docket No. 11340) [Responses are due by October 18, 2010 at 4:00 p.m.]
(l) Motion of Claimant, Peter Berman, for Leave to Amend Proof of Claim (Case No. 08-13555, Docket No. 10852) [Objections are due by October 13, 2010 at 4:00 p.m.]
(m) Motion of Claimant, Joyce L. Rehorst, for Leave to Amend Proof of Claim (Case No. 08-13555, Docket No. 10858) [Objections are due by October 13, 2010 at 4:00 p.m.]
(n) Motion of Claimants, Jacqueline W. Edelman and Stephen J. Edelman, for Leave to Amend Proof of Claim (Case No. 08-13555, Docket No. 10863) [Objections are due by October 13, 2010 at 4:00 p.m.]
(o) Motion of Lehman Brothers Finance Asia Pte. Ltd. (In Creditors’ Voluntary Liquidation) for Entry of an Order (i) that its Derivative and Guarantee Questionnaires be Deemed Timely Filed Proofs of Claim and (ii) Permitting a Late Claim Filing Pursuant to Federal Rule of Bankruptcy Procedure 9006(b)(1) (Case No. 08-13555, Docket No. 11167) [Objections are due by October 15, 2010 at 12:00 p.m.]
(p) Debtors’ Objection to Proof of Claim filed by David Schwartzman (Case No. 08-13555, Docket No. 5951) (Adjourned) [Objections were due by August 25, 2010 at 4:00 p.m.]
(q) Motion of Claimants Palmyra Capital Fund, L.P., Palmyra Capital Institutional Fund, L.P., and Palmyra Capital Offshore Fund, L.P. to Permit Late Filing of Their Guarantee Claims Pursuant to Federal Rule of Bankruptcy Procedure 9006(b)(1) (Case No. 08-13555, Docket No. 10370) (Adjourned) [Objections are due by October 20, 2010 at 4:00 p.m.]
(r) Motion of GLG Credit Fund to Permit it to File a Late Proof of Claim Pursuant to Federal Rule of Bankruptcy Procedure 9006(b)(1) (Case No. 08-135555, Docket No. 9537) (Adjourned) [Objections were due by August 20, 2010 at 4:00 p.m.]
(s) Motion of Mark Glasser for an Order Pursuant to Rule 9006(b)(1) Seeking Permission to File a Late Claim (Case No. 08-13555, Docket No. 6386) (Adjourned) [Objections were due by April 15, 2010 at 4:00 p.m.]
(t) Debtors’ Fifth Omnibus Objection to Claims (Amended and Superseded Claims) (Case No. 08-13555, Docket No. 8006) (Adjourned) [Responses were due by May 3, 2010 at 4:00 p.m.]
(u) Debtors’ Sixth Omnibus Objection to Claims (Amended and Superseded Claims) (Case No. 08-13555, Docket No. 8007) (Adjourned) [Responses were due by May 3, 2010 at 4:00 p.m.]
(v) Debtors’ Eighteenth Omnibus Objection to Claims (Duplicative of Indenture Trustee Claims) (Case No. 08-13555, Docket No. 9656) (Adjourned re: Response of Howard Terry and the Terry Foundation) [Responses were due by August 4, 2010 at 10:00 a.m.]
(w) Debtors’ Twenty-Eighth Omnibus Objection to Claims (Valued Derivative Claims) (Case No. 08-13555, Docket No. 9983) (Adjourned re: Responses of U.S. AgBank, FCB; Rutland Hospital, Inc.; and Investcorp Interlachen Multi-Strategy Master Fund Limited) [Responses were due by August 3, 2010 at 4:00 p.m.]
(x) Debtors’ Twenty-Ninth Omnibus Objection to Claims (No Blocking Number LPS Claims) (Case No. 08-13555, Docket No. 10280) (Adjourned re: Responses of RBC Capital Markets Corporation and The August ’86 Trust) [Responses were due by August 19, 2010 at 4:00 p.m.]
(y) Debtors’ Thirty-First Omnibus Objection to Claims (Insufficient Documentation Claims) (Case No. 08-13555, Docket No. 10282) (Adjourned re: Unresolved Responses) [Responses were due by August 19, 2010 at 4:00 p.m.]
(z) Debtors’ Thirty-Fourth Omnibus Objection to Claims (Misclassified Claims) (Case No. 08-13555, Docket No. 10286) (Adjourned re: Response of U.S. Bank National Association, as Trustee) [Responses were due by August 19, 2010 at 4:00 p.m.]
Tomorrow 10/27/2010 @ 10:00 AM
Hearing
(a) Debtors’ Objection to Proofs of Claim Filed by William Kuntz, III (Claim Nos. 33550, 33551, 33552, 35121 and 35430) (Case No. 08-13555, Docket No. 11351) [Responses are due by October 20, 2010 at 4:00 p.m.]
(b) Debtors’ Thirty-Fifth Omnibus Objection to Claims (Valued Derivative Claims) (Case No. 08-13555, Docket No. 11260) [Responses are due by October 13, 2010 at 4:00 p.m.]
(c) Debtors’ Thirty-Sixth Omnibus Objection to Claims (Failure to Submit Guarantee Questionnaires) (Case No. 08-13555, Docket No. 11301) [Responses are due by October 18, 2010 at 4:00 p.m.]
(d) Debtors’ Thirty-Seventh Omnibus Objection to Claims (No Liability Claims) (Case No. 08-13555, Docket No. 11302) [Responses are due by October 18, 2010 at 4:00 p.m.]
(e) Debtors’ Thirty-Eighth Omnibus Objection to Claims (Amended and Superseded Claims) (Case No. 08-13555, Docket No. 11303) [Responses are due by October 18, 2010 at 4:00 p.m.]
(f) Debtors’ Thirty-Ninth Omnibus Objection to Claims (Duplicative Claims) (Case No. 08-13555, Docket No. 11303) [Responses are due by October 18, 2010 at 4:00 p.m.]
(g) Debtors’ Fortieth Omnibus Objection to Claims (Late-Filed Claims) (Case No. 08-13555, Docket No. 11305) [Responses are due by October 18, 2010 at 4:00 p.m.]
(h) Debtors’ Forty-First Omnibus Objection to Claims (Late-Filed Claims) (Case No. 08-13555, Docket No. 11306) [Responses are due by October 18, 2010 at 4:00 p.m.]
(i) Debtors’ Forty-Second Omnibus Objection to Claims (Late-Filed Lehman Programs Securities Claims) (Case No. 08-13555, Docket No. 11306) [Responses are due by October 18, 2010 at 4:00 p.m.]
(j) Debtors’ Forty-Third Omnibus Objection to Claims (Late-Filed Lehman Programs Securities Claims) (Case No. 08-13555, Docket No. 11308) [Responses are due by October 18, 2010 at 4:00 p.m.]
(k) Debtors’ Forty-Fourth Omnibus Objection to Claims (Settled Derivative Claims) (Case No. 08-13555, Docket No. 11340) [Responses are due by October 18, 2010 at 4:00 p.m.]
(l) Motion of Claimant, Peter Berman, for Leave to Amend Proof of Claim (Case No. 08-13555, Docket No. 10852) [Objections are due by October 13, 2010 at 4:00 p.m.]
(m) Motion of Claimant, Joyce L. Rehorst, for Leave to Amend Proof of Claim (Case No. 08-13555, Docket No. 10858) [Objections are due by October 13, 2010 at 4:00 p.m.]
(n) Motion of Claimants, Jacqueline W. Edelman and Stephen J. Edelman, for Leave to Amend Proof of Claim (Case No. 08-13555, Docket No. 10863) [Objections are due by October 13, 2010 at 4:00 p.m.]
(o) Motion of Lehman Brothers Finance Asia Pte. Ltd. (In Creditors’ Voluntary Liquidation) for Entry of an Order (i) that its Derivative and Guarantee Questionnaires be Deemed Timely Filed Proofs of Claim and (ii) Permitting a Late Claim Filing Pursuant to Federal Rule of Bankruptcy Procedure 9006(b)(1) (Case No. 08-13555, Docket No. 11167) [Objections are due by October 15, 2010 at 12:00 p.m.]
(p) Debtors’ Objection to Proof of Claim filed by David Schwartzman (Case No. 08-13555, Docket No. 5951) (Adjourned) [Objections were due by August 25, 2010 at 4:00 p.m.]
(q) Motion of Claimants Palmyra Capital Fund, L.P., Palmyra Capital Institutional Fund, L.P., and Palmyra Capital Offshore Fund, L.P. to Permit Late Filing of Their Guarantee Claims Pursuant to Federal Rule of Bankruptcy Procedure 9006(b)(1) (Case No. 08-13555, Docket No. 10370) (Adjourned) [Objections are due by October 20, 2010 at 4:00 p.m.]
(r) Motion of GLG Credit Fund to Permit it to File a Late Proof of Claim Pursuant to Federal Rule of Bankruptcy Procedure 9006(b)(1) (Case No. 08-135555, Docket No. 9537) (Adjourned) [Objections were due by August 20, 2010 at 4:00 p.m.]
(s) Motion of Mark Glasser for an Order Pursuant to Rule 9006(b)(1) Seeking Permission to File a Late Claim (Case No. 08-13555, Docket No. 6386) (Adjourned) [Objections were due by April 15, 2010 at 4:00 p.m.]
(t) Debtors’ Fifth Omnibus Objection to Claims (Amended and Superseded Claims) (Case No. 08-13555, Docket No. 8006) (Adjourned) [Responses were due by May 3, 2010 at 4:00 p.m.]
(u) Debtors’ Sixth Omnibus Objection to Claims (Amended and Superseded Claims) (Case No. 08-13555, Docket No. 8007) (Adjourned) [Responses were due by May 3, 2010 at 4:00 p.m.]
(v) Debtors’ Eighteenth Omnibus Objection to Claims (Duplicative of Indenture Trustee Claims) (Case No. 08-13555, Docket No. 9656) (Adjourned re: Response of Howard Terry and the Terry Foundation) [Responses were due by August 4, 2010 at 10:00 a.m.]
(w) Debtors’ Twenty-Eighth Omnibus Objection to Claims (Valued Derivative Claims) (Case No. 08-13555, Docket No. 9983) (Adjourned re: Responses of U.S. AgBank, FCB; Rutland Hospital, Inc.; and Investcorp Interlachen Multi-Strategy Master Fund Limited) [Responses were due by August 3, 2010 at 4:00 p.m.]
(x) Debtors’ Twenty-Ninth Omnibus Objection to Claims (No Blocking Number LPS Claims) (Case No. 08-13555, Docket No. 10280) (Adjourned re: Responses of RBC Capital Markets Corporation and The August ’86 Trust) [Responses were due by August 19, 2010 at 4:00 p.m.]
(y) Debtors’ Thirty-First Omnibus Objection to Claims (Insufficient Documentation Claims) (Case No. 08-13555, Docket No. 10282) (Adjourned re: Unresolved Responses) [Responses were due by August 19, 2010 at 4:00 p.m.]
(z) Debtors’ Thirty-Fourth Omnibus Objection to Claims (Misclassified Claims) (Case No. 08-13555, Docket No. 10286) (Adjourned re: Response of U.S. Bank National Association, as Trustee) [Responses were due by August 19, 2010 at 4:00 p.m.]
Tomorrow 10/27/2010 @ 10:00 AM
Hearing
(a) Debtors’ Objection to Proofs of Claim Filed by William Kuntz, III (Claim Nos. 33550, 33551, 33552, 35121 and 35430) (Case No. 08-13555, Docket No. 11351) [Responses are due by October 20, 2010 at 4:00 p.m.]
(b) Debtors’ Thirty-Fifth Omnibus Objection to Claims (Valued Derivative Claims) (Case No. 08-13555, Docket No. 11260) [Responses are due by October 13, 2010 at 4:00 p.m.]
(c) Debtors’ Thirty-Sixth Omnibus Objection to Claims (Failure to Submit Guarantee Questionnaires) (Case No. 08-13555, Docket No. 11301) [Responses are due by October 18, 2010 at 4:00 p.m.]
(d) Debtors’ Thirty-Seventh Omnibus Objection to Claims (No Liability Claims) (Case No. 08-13555, Docket No. 11302) [Responses are due by October 18, 2010 at 4:00 p.m.]
(e) Debtors’ Thirty-Eighth Omnibus Objection to Claims (Amended and Superseded Claims) (Case No. 08-13555, Docket No. 11303) [Responses are due by October 18, 2010 at 4:00 p.m.]
(f) Debtors’ Thirty-Ninth Omnibus Objection to Claims (Duplicative Claims) (Case No. 08-13555, Docket No. 11303) [Responses are due by October 18, 2010 at 4:00 p.m.]
(g) Debtors’ Fortieth Omnibus Objection to Claims (Late-Filed Claims) (Case No. 08-13555, Docket No. 11305) [Responses are due by October 18, 2010 at 4:00 p.m.]
(h) Debtors’ Forty-First Omnibus Objection to Claims (Late-Filed Claims) (Case No. 08-13555, Docket No. 11306) [Responses are due by October 18, 2010 at 4:00 p.m.]
(i) Debtors’ Forty-Second Omnibus Objection to Claims (Late-Filed Lehman Programs Securities Claims) (Case No. 08-13555, Docket No. 11306) [Responses are due by October 18, 2010 at 4:00 p.m.]
(j) Debtors’ Forty-Third Omnibus Objection to Claims (Late-Filed Lehman Programs Securities Claims) (Case No. 08-13555, Docket No. 11308) [Responses are due by October 18, 2010 at 4:00 p.m.]
(k) Debtors’ Forty-Fourth Omnibus Objection to Claims (Settled Derivative Claims) (Case No. 08-13555, Docket No. 11340) [Responses are due by October 18, 2010 at 4:00 p.m.]
(l) Motion of Claimant, Peter Berman, for Leave to Amend Proof of Claim (Case No. 08-13555, Docket No. 10852) [Objections are due by October 13, 2010 at 4:00 p.m.]
(m) Motion of Claimant, Joyce L. Rehorst, for Leave to Amend Proof of Claim (Case No. 08-13555, Docket No. 10858) [Objections are due by October 13, 2010 at 4:00 p.m.]
(n) Motion of Claimants, Jacqueline W. Edelman and Stephen J. Edelman, for Leave to Amend Proof of Claim (Case No. 08-13555, Docket No. 10863) [Objections are due by October 13, 2010 at 4:00 p.m.]
(o) Motion of Lehman Brothers Finance Asia Pte. Ltd. (In Creditors’ Voluntary Liquidation) for Entry of an Order (i) that its Derivative and Guarantee Questionnaires be Deemed Timely Filed Proofs of Claim and (ii) Permitting a Late Claim Filing Pursuant to Federal Rule of Bankruptcy Procedure 9006(b)(1) (Case No. 08-13555, Docket No. 11167) [Objections are due by October 15, 2010 at 12:00 p.m.]
(p) Debtors’ Objection to Proof of Claim filed by David Schwartzman (Case No. 08-13555, Docket No. 5951) (Adjourned) [Objections were due by August 25, 2010 at 4:00 p.m.]
(q) Motion of Claimants Palmyra Capital Fund, L.P., Palmyra Capital Institutional Fund, L.P., and Palmyra Capital Offshore Fund, L.P. to Permit Late Filing of Their Guarantee Claims Pursuant to Federal Rule of Bankruptcy Procedure 9006(b)(1) (Case No. 08-13555, Docket No. 10370) (Adjourned) [Objections are due by October 20, 2010 at 4:00 p.m.]
(r) Motion of GLG Credit Fund to Permit it to File a Late Proof of Claim Pursuant to Federal Rule of Bankruptcy Procedure 9006(b)(1) (Case No. 08-135555, Docket No. 9537) (Adjourned) [Objections were due by August 20, 2010 at 4:00 p.m.]
(s) Motion of Mark Glasser for an Order Pursuant to Rule 9006(b)(1) Seeking Permission to File a Late Claim (Case No. 08-13555, Docket No. 6386) (Adjourned) [Objections were due by April 15, 2010 at 4:00 p.m.]
(t) Debtors’ Fifth Omnibus Objection to Claims (Amended and Superseded Claims) (Case No. 08-13555, Docket No. 8006) (Adjourned) [Responses were due by May 3, 2010 at 4:00 p.m.]
(u) Debtors’ Sixth Omnibus Objection to Claims (Amended and Superseded Claims) (Case No. 08-13555, Docket No. 8007) (Adjourned) [Responses were due by May 3, 2010 at 4:00 p.m.]
(v) Debtors’ Eighteenth Omnibus Objection to Claims (Duplicative of Indenture Trustee Claims) (Case No. 08-13555, Docket No. 9656) (Adjourned re: Response of Howard Terry and the Terry Foundation) [Responses were due by August 4, 2010 at 10:00 a.m.]
(w) Debtors’ Twenty-Eighth Omnibus Objection to Claims (Valued Derivative Claims) (Case No. 08-13555, Docket No. 9983) (Adjourned re: Responses of U.S. AgBank, FCB; Rutland Hospital, Inc.; and Investcorp Interlachen Multi-Strategy Master Fund Limited) [Responses were due by August 3, 2010 at 4:00 p.m.]
(x) Debtors’ Twenty-Ninth Omnibus Objection to Claims (No Blocking Number LPS Claims) (Case No. 08-13555, Docket No. 10280) (Adjourned re: Responses of RBC Capital Markets Corporation and The August ’86 Trust) [Responses were due by August 19, 2010 at 4:00 p.m.]
(y) Debtors’ Thirty-First Omnibus Objection to Claims (Insufficient Documentation Claims) (Case No. 08-13555, Docket No. 10282) (Adjourned re: Unresolved Responses) [Responses were due by August 19, 2010 at 4:00 p.m.]
(z) Debtors’ Thirty-Fourth Omnibus Objection to Claims (Misclassified Claims) (Case No. 08-13555, Docket No. 10286) (Adjourned re: Response of U.S. Bank National Association, as Trustee) [Responses were due by August 19, 2010 at 4:00 p.m.]
It appears shares are being held tight now at this level.
Strange day today on the Lehmans. Wonder what's going on...
As Jersey would say... half a billion here, half a billion there adds up... :) Go Lehman!!!
I agree, I gave my kids 9,000 shares of LEHGQ. Would love to see them make some money on LEHGQ.
I agree with the incentive fees, however I do not agree with the top dollar hourly rates with the increased incentive fees.. They shouldn't have both... Lower your hourly rates, and increase the incentive fees.
Gapper tomorrow? I sure hope so... and then let her RUN...
You STOLE those shares at 71 cents. Good job! Time to move the Ps up, up, up :)
Lehman battles for Barclays’ windfall
http://www.ft.com/cms/s/0/a31c22d6-dd2e-11df-9236-00144feabdc0.html?referrer_id=yahoofinance&ft_ref=yahoo1&segid=03058
How convenient... GO LEHMAN!!!
At that point, however, Judge James Peck, of the southern district of New York bankruptcy court, said: “Let me be clear, I never approved the clarification letter,” adding, “There are over 12,000 docket entries. I do not know everything that is contained. ... The letter was lost in the docket.
Lehman, however, alleges that the deal completed was not what was agreed, and deserves the court’s scrutiny in order to preserve the “integrity”, in addition to the finality, of 363 sales.
Approved in court today: Ambac to Withdraw $6 Billion in Claims Against Lehman
The agreement was approved today in U.S. Bankruptcy Court in Manhattan.
Approved in court today: Ambac to Withdraw $6 Billion in Claims Against Lehman
The agreement was approved today in U.S. Bankruptcy Court in Manhattan.
Note even though you slapped the ask it was recorded as a sell on IHUB Time and sales...
talking about shenanigans...
http://ih.advfn.com/p.php?pid=trades&symbol=LEHJQ
Argus, a big thank you for hitting the ASK.
Omnibus Hearing 10/20/2010 @ 02:00 PM
Omnibus Hearing
(a) Motion of Jeffrey Soffer and Fontainebleau Resorts, LLC to Dismiss Count IV of the Complaint for Failure to State a Claim Upon Which Relief may be Granted (Adv. Proc. No. 10-02821, Docket No. 15) [Replies were due by August 23, 2010]
(b) Motion of Jeffrey Soffer and Fontainebleau Resorts, LLC to Dismiss Count IV of the Complaint for Failure to State a Claim Upon Which Relief may be Granted (Adv. Proc. No. 10-02823, Docket No. 15) [Replies were due by August 23, 2010]
(c) Pre-trial Conference (PT Bank Negara Indonesia (Persero) Tbk v. LBSF, et al., Adv. Proc. No. 09-01480)
Omnibus Hearing 10/20/2010 @ 10:00 AM
Omnibus Hearing
Location:
Courtroom 601, United States Bankruptcy Court, Alexander Custom House, One Bowling Green, New York, New York 10004
(a) Debtors’ Motion, Pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy Rule 7004(a)(1), to Stay Avoidance Actions and Grant Certain Related Relief (Case No. 08-13555, Docket No. 11389) [Objections are due by October 13, 2010 at 4:00 p.m.]
(b) Debtors’ Motion, Pursuant to Sections 105(a), 363 and 365 of the Bankruptcy Code and Bankruptcy Rule 9019, for Approval of a Settlement Agreement Among LBSF, LBHI, and Société Générale, New York Branch and Certain Related Relief (Case No. 08-13555, Docket No. 11488) [Objections are due by October 13, 2010 at 4:00 p.m.]
(c) Motion of the Debtors Pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy Rule 9019 for Authorization and Approval of a Settlement and Compromise Among Lehman Brothers Holdings Inc., Lehman Commercial Paper Inc. and Danske Bank A/S London Branch (Case No. 08-13555, Docket No. 11681) [Objections are due by October 13, 2010 at 4:00 p.m.]
(d) Motion of the Debtors Pursuant to Section 363 of the Bankruptcy Code and Federal Rule of Bankruptcy Procedure 9019 for Authority to Enter into Settlement with SunCal Trustee on Behalf of SunCal Involuntary Debtors (Case No. 08-13555, Docket No. 11688) [Objections are due by October 13, 2010 at 4:00 p.m.]
(e) Motion of Lehman Brothers Special Financing Inc. Pursuant to Section 362 of the Bankruptcy Code for Enforcement of the Automatic Stay and for Sanctions for Violation of the ADR Procedures Order (Case No. 08-13555, Docket No. 11756) [Objections are due by October 13, 2010 at 4:00 p.m.]
(f) Fidelity National Title Insurance Company’s Motion to Compel Compliance with Requirements of Title Insurance Policies Insuring Deeds of Trust Held by the Bankruptcy Estate of Debtor Lehman Commercial Paper Inc. Pursuant to Sections 105, 362, 365 and 1107 of the Bankruptcy Code (Case No. 08-13555, Docket No. 11513) [Objections are due by October 13, 2010 at 4:00 p.m.]
(g) Motion of Caixa Geral De Depósitos, S.A. Seeking Authority to Assign its Interests as Lender in a Promissory Note Issued by Lehman Brothers Holdings Inc. (Case No. 08-13555, Docket No. 11551) [Objections are due by October 13, 2010 at 4:00 p.m.]
(h) Motion for Relief from Stay Pursuant to Section 362(d) of the Bankruptcy Code, Permitting Alpine Bank to Obtain Possession of, Foreclose On, and Otherwise Dispose of, Certain Real Property (Case No. 08-13555, Docket No. 11662) [Objections are due by October 15, 2010 at 5:00 p.m.]
(i) Debtors' Motion, Pursuant to Section 1121(d) of the Bankruptcy Code, Requesting Second Extension of Exclusive Periods for the Filing of and Solicitation of Acceptances for Chapter 11 Plans of Merit, LLC, LB Somerset LLC and LB Preferred Somerset LLC (Case No. 08-13555, Docket No. 11171) (Adjourned re: LB Somerset LLC and LB Preferred Somerset LLC) [Objections were due by September 17, 2010 at 4:00 p.m.]
(j) Debtors’ Motion for an Order Enforcing the Automatic Stay Against Greenbrier Minerals Holdings, LLC (Case No. 08-13555, Docket No. 9729) (Adjourned) [Objections were due by July 8, 2010 at 4:00 p.m.]
(k) Motion of Fogarazzo, et al. Pursuant to Section 362 of the Bankruptcy Code for Relief From Automatic Stay to Allow Advancement Under Insurance Policy by Lloyd’s of London (Case No. 08-13555, Docket No. 10279) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(l) Motion of Factiva, Inc., Factiva Limited and Dow Jones & Company, Inc. for an Order (A) Compelling Immediate Payment of Post-Petition Administrative Expense Claims and (B) Compelling the Debtors to Assume or Reject Executory Contracts or Alternatively Modifying the Automatic Stay to Permit Movants to Terminate the Executory Contracts (Case No. 08-13555, Docket Nos. 7102, 7834) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(m) Motion of Coscan Construction, LLC for Relief from Automatic Stay (Case No. 08-13555, Docket No. 7226) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(n) Motion of Capital One, N.A. for Relief from Stay (Case No. 08-13555, Docket No. 8425) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(o) Motion of Newport Global Opportunities Fund (Master) L.P. and Newport Global Opportunities Fund L.P. for Leave to Conduct Rule 2004 Discovery (Adv. Proc. No. 08-01420, Docket No. 3649) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(p) Motion of Newport Global Opportunities Fund (Master) L.P. and Newport Global Opportunities Fund L.P. to File Under Seal the Motion for Leave to Conduct Rule 2004 Discovery (Adv. Proc. No. 08-01420, Docket No. 3650) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(q) Plaintiff’s Motion for Expedited Discovery Pursuant to Bankruptcy Rules 7026 and 9014 (Lehman Brothers Special Financing Inc. v. Bank of America National Association, et al., Adv. Proc. No. 10-03547, Docket No. 2) [Objections are due by October 13, 2010 at 10:00 a.m.]
Omnibus Hearing 10/20/2010 @ 02:00 PM
Omnibus Hearing
(a) Motion of Jeffrey Soffer and Fontainebleau Resorts, LLC to Dismiss Count IV of the Complaint for Failure to State a Claim Upon Which Relief may be Granted (Adv. Proc. No. 10-02821, Docket No. 15) [Replies were due by August 23, 2010]
(b) Motion of Jeffrey Soffer and Fontainebleau Resorts, LLC to Dismiss Count IV of the Complaint for Failure to State a Claim Upon Which Relief may be Granted (Adv. Proc. No. 10-02823, Docket No. 15) [Replies were due by August 23, 2010]
(c) Pre-trial Conference (PT Bank Negara Indonesia (Persero) Tbk v. LBSF, et al., Adv. Proc. No. 09-01480)
Omnibus Hearing 10/20/2010 @ 10:00 AM
Omnibus Hearing
Location:
Courtroom 601, United States Bankruptcy Court, Alexander Custom House, One Bowling Green, New York, New York 10004
(a) Debtors’ Motion, Pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy Rule 7004(a)(1), to Stay Avoidance Actions and Grant Certain Related Relief (Case No. 08-13555, Docket No. 11389) [Objections are due by October 13, 2010 at 4:00 p.m.]
(b) Debtors’ Motion, Pursuant to Sections 105(a), 363 and 365 of the Bankruptcy Code and Bankruptcy Rule 9019, for Approval of a Settlement Agreement Among LBSF, LBHI, and Société Générale, New York Branch and Certain Related Relief (Case No. 08-13555, Docket No. 11488) [Objections are due by October 13, 2010 at 4:00 p.m.]
(c) Motion of the Debtors Pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy Rule 9019 for Authorization and Approval of a Settlement and Compromise Among Lehman Brothers Holdings Inc., Lehman Commercial Paper Inc. and Danske Bank A/S London Branch (Case No. 08-13555, Docket No. 11681) [Objections are due by October 13, 2010 at 4:00 p.m.]
(d) Motion of the Debtors Pursuant to Section 363 of the Bankruptcy Code and Federal Rule of Bankruptcy Procedure 9019 for Authority to Enter into Settlement with SunCal Trustee on Behalf of SunCal Involuntary Debtors (Case No. 08-13555, Docket No. 11688) [Objections are due by October 13, 2010 at 4:00 p.m.]
(e) Motion of Lehman Brothers Special Financing Inc. Pursuant to Section 362 of the Bankruptcy Code for Enforcement of the Automatic Stay and for Sanctions for Violation of the ADR Procedures Order (Case No. 08-13555, Docket No. 11756) [Objections are due by October 13, 2010 at 4:00 p.m.]
(f) Fidelity National Title Insurance Company’s Motion to Compel Compliance with Requirements of Title Insurance Policies Insuring Deeds of Trust Held by the Bankruptcy Estate of Debtor Lehman Commercial Paper Inc. Pursuant to Sections 105, 362, 365 and 1107 of the Bankruptcy Code (Case No. 08-13555, Docket No. 11513) [Objections are due by October 13, 2010 at 4:00 p.m.]
(g) Motion of Caixa Geral De Depósitos, S.A. Seeking Authority to Assign its Interests as Lender in a Promissory Note Issued by Lehman Brothers Holdings Inc. (Case No. 08-13555, Docket No. 11551) [Objections are due by October 13, 2010 at 4:00 p.m.]
(h) Motion for Relief from Stay Pursuant to Section 362(d) of the Bankruptcy Code, Permitting Alpine Bank to Obtain Possession of, Foreclose On, and Otherwise Dispose of, Certain Real Property (Case No. 08-13555, Docket No. 11662) [Objections are due by October 15, 2010 at 5:00 p.m.]
(i) Debtors' Motion, Pursuant to Section 1121(d) of the Bankruptcy Code, Requesting Second Extension of Exclusive Periods for the Filing of and Solicitation of Acceptances for Chapter 11 Plans of Merit, LLC, LB Somerset LLC and LB Preferred Somerset LLC (Case No. 08-13555, Docket No. 11171) (Adjourned re: LB Somerset LLC and LB Preferred Somerset LLC) [Objections were due by September 17, 2010 at 4:00 p.m.]
(j) Debtors’ Motion for an Order Enforcing the Automatic Stay Against Greenbrier Minerals Holdings, LLC (Case No. 08-13555, Docket No. 9729) (Adjourned) [Objections were due by July 8, 2010 at 4:00 p.m.]
(k) Motion of Fogarazzo, et al. Pursuant to Section 362 of the Bankruptcy Code for Relief From Automatic Stay to Allow Advancement Under Insurance Policy by Lloyd’s of London (Case No. 08-13555, Docket No. 10279) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(l) Motion of Factiva, Inc., Factiva Limited and Dow Jones & Company, Inc. for an Order (A) Compelling Immediate Payment of Post-Petition Administrative Expense Claims and (B) Compelling the Debtors to Assume or Reject Executory Contracts or Alternatively Modifying the Automatic Stay to Permit Movants to Terminate the Executory Contracts (Case No. 08-13555, Docket Nos. 7102, 7834) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(m) Motion of Coscan Construction, LLC for Relief from Automatic Stay (Case No. 08-13555, Docket No. 7226) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(n) Motion of Capital One, N.A. for Relief from Stay (Case No. 08-13555, Docket No. 8425) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(o) Motion of Newport Global Opportunities Fund (Master) L.P. and Newport Global Opportunities Fund L.P. for Leave to Conduct Rule 2004 Discovery (Adv. Proc. No. 08-01420, Docket No. 3649) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(p) Motion of Newport Global Opportunities Fund (Master) L.P. and Newport Global Opportunities Fund L.P. to File Under Seal the Motion for Leave to Conduct Rule 2004 Discovery (Adv. Proc. No. 08-01420, Docket No. 3650) (Adjourned) [Objections are due by October 13, 2010 at 4:00 p.m.]
(q) Plaintiff’s Motion for Expedited Discovery Pursuant to Bankruptcy Rules 7026 and 9014 (Lehman Brothers Special Financing Inc. v. Bank of America National Association, et al., Adv. Proc. No. 10-03547, Docket No. 2) [Objections are due by October 13, 2010 at 10:00 a.m.]
Overall up 462 million in cash and investments from 9/1/2010 to 9/30/2010
and up 1.343 billion from 7/1/2010 to 9/30/2010
Go Lehman!!!
Overall up 462 million in cash and investments from 9/1/2010 to 9/30/2010
and up 1.343 billion from 7/1/2010 to 9/30/2010
Go Lehman!!!
Lehman to Pay Lazard $1.3 Million to Sell Lamco Unit
http://www.businessweek.com/news/2010-10-18/lehman-to-pay-lazard-1-3-million-to-sell-lamco-unit.html
Oct. 18 (Bloomberg) -- Lehman Brothers Holdings Inc. said it would pay adviser Lazard Ltd. $1.3 million to sell its Lamco asset management unit, plus a monthly fee of $150,000.
Bankrupt Lehman hired Lazard for $400,000 a month in 2008 to help with asset sales, undertaking to pay $5 million when Lazard sold Lehman’s brokerage to Barclays Plc, and another $5 million when the defunct firm’s investment-management division was sold, according to an Oct. 15 filing in U.S. Bankruptcy Court in New York. Lazard currently gets $200,000 a month from Lehman, the filing showed.
Lamco, staffed by 450 employees who manage the defunct investment bank’s “less-liquid and distressed” real estate, private equity and other assets, “may be of substantial value” to Lehman’s creditors, Lehman said in the filing.
Lehman said last month it aimed to recover $11.4 billion from illiquid real estate in the next few years, with private equity and principal investments bringing in the same amount. Loans and derivates were valued at about $10 billion.
Lehman to Pay Lazard $1.3 Million to Sell Lamco Unit
http://www.businessweek.com/news/2010-10-18/lehman-to-pay-lazard-1-3-million-to-sell-lamco-unit.html
Oct. 18 (Bloomberg) -- Lehman Brothers Holdings Inc. said it would pay adviser Lazard Ltd. $1.3 million to sell its Lamco asset management unit, plus a monthly fee of $150,000.
Bankrupt Lehman hired Lazard for $400,000 a month in 2008 to help with asset sales, undertaking to pay $5 million when Lazard sold Lehman’s brokerage to Barclays Plc, and another $5 million when the defunct firm’s investment-management division was sold, according to an Oct. 15 filing in U.S. Bankruptcy Court in New York. Lazard currently gets $200,000 a month from Lehman, the filing showed.
Lamco, staffed by 450 employees who manage the defunct investment bank’s “less-liquid and distressed” real estate, private equity and other assets, “may be of substantial value” to Lehman’s creditors, Lehman said in the filing.
Lehman said last month it aimed to recover $11.4 billion from illiquid real estate in the next few years, with private equity and principal investments bringing in the same amount. Loans and derivates were valued at about $10 billion.
Lehman to Pay Lazard $1.3 Million to Sell Lamco Unit
http://www.businessweek.com/news/2010-10-18/lehman-to-pay-lazard-1-3-million-to-sell-lamco-unit.html
Oct. 18 (Bloomberg) -- Lehman Brothers Holdings Inc. said it would pay adviser Lazard Ltd. $1.3 million to sell its Lamco asset management unit, plus a monthly fee of $150,000.
Bankrupt Lehman hired Lazard for $400,000 a month in 2008 to help with asset sales, undertaking to pay $5 million when Lazard sold Lehman’s brokerage to Barclays Plc, and another $5 million when the defunct firm’s investment-management division was sold, according to an Oct. 15 filing in U.S. Bankruptcy Court in New York. Lazard currently gets $200,000 a month from Lehman, the filing showed.
Lamco, staffed by 450 employees who manage the defunct investment bank’s “less-liquid and distressed” real estate, private equity and other assets, “may be of substantial value” to Lehman’s creditors, Lehman said in the filing.
Lehman said last month it aimed to recover $11.4 billion from illiquid real estate in the next few years, with private equity and principal investments bringing in the same amount. Loans and derivates were valued at about $10 billion.
They are going to have a revised POR in the 4th quarter 2010 and if they get approval they will emerge from BK. Personally, I think that is a pretty aggressive schedule but I hope they can it done.
Nice action today on most of the classes. Js were getting hit on the ask and tapped back by the MMs
Here's the whole article if you don't have a subscription... Keep those billions coming our way, Go Lehman!!! :P
Battle for $1bn in Lehman assets goes to court
By Jane Croft in London
Published: October 10 2010 23:45 | Last updated: October 10 2010 23:45
Five Lehman Brothers entities are taking a battle over more than $1bn of assets to court in a case that underlines the complexity of unwinding the operations of the international bank.
This week the High Court in London will begin hearing a dispute between the administrators of Lehman Brothers’ main European operations and other Lehman subsidiaries to determine ownership of he securities, part of a series of internal transactions.
The assets are currently held by Lehman Brothers International Europe (LBIE) but are subject to competing claims by five Lehman affiliates including units in Switzerland and Hong Kong.
The case centres on how the bank’s entities accounted for repurchase, or repo, transactions.
During the bank’s existence, the deals were straightforward internal trades designed to shift Lehman’s assets between its various operations, they are being broken apart as part of its 2008 collapse, which split the bank into hundreds of separate entities.
The case is the latest twist in a series of high-profile lawsuits stemming from the collapse of the US investment bank at the height of the credit crunch in 2008.
Lawyers predicted at the time that the complexity of the Lehman administration was such that it would lead to years of litigation and court hearings.
PwC, the administrators of LBIE, have already been involved in a number of cases including a legal fight over the $2bn of client money deposited with Lehman’s UK division which concluded this year.
In this case the Court of Appeal overturned an earlier decision that only Lehman clients who had money segregated for them were entitled to share in billions of dollars deposited with the investment bank’s UK division.
Just before the bank failed in September 2008, Lehman segregated some client money for a number of hedge funds such as GLG Investments and Paragon Capital Management Fund.
However, client money was not ring-fenced for other hedge funds such as CRC Credit Fund nor the affiliates of New York-based Lehman.
PwC, the administrators of Lehman Brothers International Europe, has now applied to the UK’s Supreme Court, the highest court in the land, for permission to appeal against the decision.
Last week a German court rejected a claim made on behalf of clients of LBIE for the return of $1bn of client money that had been deposited with a German affiliate prior to the bank’s administration.
PwC, as administrators of LBIE, filed a petition at a Frankfurt court to claim that $1bn plus interest be returned to LBIE by Lehman Brothers Bankhaus in Germany.
However, the Frankfurt am Main regional court ruled that the petition should be dismissed and upheld a decision by the Bankhaus administrator.
Jones Day going after Barclay's regarding hear say...
11849 10/6/2010
Letter / LBHI Letter Brief re Admissibility of PwC Documents (related document(s)[11781]) filed by William J. Hine on behalf of Lehman Brothers Holdings Inc.. (Attachments: # (1) Movants Objections to Barclays Capital Inc.s Proposed PwC Exhibits (As of 10/3/10))(Hine, William)
Debtor: Lehman Brothers Holdings Inc.
Related: 11781
Jones Day going after Barclay's regarding hear say...
11849 10/6/2010
Letter / LBHI Letter Brief re Admissibility of PwC Documents (related document(s)[11781]) filed by William J. Hine on behalf of Lehman Brothers Holdings Inc.. (Attachments: # (1) Movants Objections to Barclays Capital Inc.s Proposed PwC Exhibits (As of 10/3/10))(Hine, William)
Debtor: Lehman Brothers Holdings Inc.
Related: 11781
Ok, so ABK goes up 32% during market hours and 2% after hours=34% for the day... LEHMAN had claims for 10s of millions against ABK and ABK had 60 claims against LEHMAN for 6.1 billion.
How will the market react to this... I don't know...IMHO, the next couple of days should be exciting based on this information. Go LEHMAN!!!
ABK:
The deal, which is set for review by the US Bankruptcy Court in New York on October 20, would see Ambac drop 60 claims against Lehman, worth a total of $US6.1 billion ($6.24 billion).
In return, Lehman would withdraw claims worth tens of millions of dollars against Ambac, a subsidiary of Ambac Financial Group.