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Share Count As of July 20th 2021
LBHI Capital Trusts III - 37 participants
LBHI Capital Trusts IV - 44 participants
LBHI Capital Trusts V - 44 participants
LBHI Capital Trusts VI - 46 participants
Yes, lehnq is the most used LBHI board
From memory, the LBHI lawyers bill around $1,200
Share Count As of July 20th 2021
LBHI Capital Trusts III - 37 participants
LBHI Capital Trusts IV - 44 participants
LBHI Capital Trusts V - 44 participants
LBHI Capital Trusts IV - 46 participants
Class Action Lawsuit Against the BNYM, as Trustee
They are looking for shareholders who are interested in joining a class action lawsuit against the BNYM, as Trustee, for breaching their fiduciary duty to require Lehman Brothers Holdings Inc. to file the subordinated guarantee certificates annually. It is the responsibility of the Trustee each year to make sure the certificates are filed.
Quote:
Lehman Brothers Holdings, as guarantor, will be required to file annually with the guarantee trustee a certificate as to whether or not Lehman Brothers Holdings is in compliance with all the conditions and covenants applicable to it under the guarantee.
The failure to file the certificates allowed LBHI to ignore their obligations under the subordinated guarantee resulting in a combined loss to shareholders up to $1.2 billion dollars.
If you are a shareholder and you feel that you are harmed by the BNYM, as the trustee, for their failure to require the filings of the certificates, include the following information in an email and send it to
lbhict34566investorsunited@gmail.com
Information to be included on the email
Name
Address
Contact number
email
Number of shares
Date Acquired
Share Count As of July 20th 2021
LBHI Capital Trusts III - 37 participants
LBHI Capital Trusts IV - 44 participants
LBHI Capital Trusts V - 44 participants
LBHI Capital Trusts IV - 46 participants
Look at the one month chart
https://finance.yahoo.com/quote/NLST?p=NLST&.tsrc=fin-srch-v1
I am not a decision maker here, just the messenger, but I would say send in your paperwork.
That's the way I see it.
However a takings is not ripe yet. The conservatorship has to be permanent, so it's interpreted as temporary.
An Acting Director can do whatever he/she wants, but still has to abide by the constitution
Bump - be sure to read Ano explain why government lost.
From another poster:
It seems like this administration would want Freddie and Fannie to be capitalized. If they want to push their agenda to help out minorities, they need to start with home ownership. Currently the average credit score for homeownership the past two years is 717 according to credit karma. If FnF are fully capitalized they could up their risk to take on lower and lower credit score mortgages to increase homeownership with minorities and single income families. This conservatorship has done the opposite effect of what that political party stands for. It’s actually lowered minority homeownership due to how stringent the rules are because they have to cut out their risk.
Government used to be able to get away with that. Now the 11,000 unsealed documents will be available August 4. Plaintiffs need to show them and prove the government lied.
It was an open court last time I went. Lots of people in the courtroom besides the lawyers.
I plan to go August 4. Need to find out what time.
Stephen S. Schwartz
Judge Schwartz was nominated to the U.S. Court of Federal Claims on June 7, 2017, confirmed on December 8, 2020, and received his commission on December 22, 2020.
Judge Schwartz graduated from Yale College in 2005. He received his J.D. from the University of Chicago Law School, where he was Online Editor of the University of Chicago Law Review and a Hinton Moot Court finalist. He clerked for Judge Jerry E. Smith on the U.S. Court of Appeals for the Fifth Circuit.
Following his clerkship, Judge Schwartz was a litigation associate at D.C. law firm, focusing his practice on appellate and administrative law matters. He then joined a non-profit where he litigated cases related to federal government transparency and administrative agency discretion. In 2016 he joined a D.C. litigation boutique where he represented state and local governments in complex trial court and appellate proceedings, becoming a partner in 2017.
A native of Winona, Minnesota, he lives with his family in Arlington, Virginia.
Chambers Phone:
(202) 357-6601
In that case, gov't needs to get us out of cship. How long does an impermanent feature last?
Wow Cotton, good observation.
Stockanalyze
No one withdrew a motion.
Read Dockets 61172 and 61173
https://dm.epiq11.com/case/lbh/dockets
OMG Newflow, you just keep bringing it on.
Excellent find Newflow
Those are good answers.
To those on the fence about joining.
I sent an Email with some questions. Prompt response!
These are the answers.
1. Can you answer these?
Yes
2. What assurance do I have, that joining the suit will not reduce any payout that I might receive, had I not joined the suit?
The class action will be against the BNYM our trustee and not LBHI the Debtor in Bankruptcy.
We really don't know why LBHI submitted an appeal.
Yes, a subordination agreement is enforceable
Thank you for your comments. Interesting.
SCOTUS says that they won't decide if an agency director's decisions are good or not, but the director still has to abide by the constitution which states that you can't take someone's property for public use without appropriate compensation.
Because Judge Lamberth told both gov't and plaintiffs to submit their briefs
Also July (13?) the 11,000 sealed documents get unsealed
Okay, I'm lost here.
This 'bigger picture' does this include getting us out of cship soon?
fmcc shorts covered 18.75
https://otcshortreport.com/company/FMCC
Post stickied
You think they settle?
fhfa established July 30, 2008
pspa established September 7, 2008
We've already realized that a presidentially nominated and congress approved Director, James Lockhart, was in place when the pspa was written. So he COULD (not SHOULD) be responsible for pspa not being valid. Now combine that with the post above, "because the whole HERA was written on the basis of it being an independent agency, and now, it is NOT an independent agency " does anyone else read this as scotus did hand us a win, and a future win for all cships (this should never happen again) because
HERA (or future policies like that) will be written on the basis of DEPENDENT agencies - those that have presidentially nominated and congress approved Directors.
Did scotus hand us our win with Lambert, possibly Sweeney and people reacted to fast without reading and understanding the whole scotus opinion?
IMHO there was a huge over-reaction on a part of the opinion before the whole opinion could be read.
Tutt, I thought the deadline to hand over 11,000 sealed documents was July 13, there's not a hearing then that I know of. Looks like Lamberth hearing in August.
There's no hearing on July 13, it's the deadline for the 11,000 documents to be handed over to Lamberth.
FnF listed in this article, may be why we're up
http://finance.dailyherald.com/dailyherald/news/read/41523585/hot_robinhood_penny_stocks_to_buy_now?_12_for_your_2021_watchlist
The information I posted here was sent to me. I'm a messenger, nothing more. That is all I know at this point.
So true. scotus didn't have access to the 11,000 sealed documents. Lamberth gave a deadline of July 13 for Treasury to hand them over.
I expect fireworks to start then when Lamberth, Sweeney, public get to see the lies that were told.
Hopefully by August we get to see those documents.
July 13, that's the deadline for the 11,000 documents to be unsealed.
I hope we get to see them too.
Lamberth should have the 11,000 documents by then. Sweeney should be able to get ahold of them.