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Just saw on my CNBC phone app that LEHNQ symbol is no longer valid
LEHN@*
NO LONGER VALID
0.0026
Vol 0 11/01/22 GMT
UNCH
UNCH
AAPL
Yes, we are on the list, bluebird, along with three other Lehman CTS.. page 87 of the docket
Fritz, where did you find that and what is it for?
Doubt it, sincerely.. they are locked up in OBS
Penny, my LEHPQ, which I have in TD Ameritrade is still listed as an escrow..
525ESCB16; same as it has always been..not sure what’s going on with yours
Thanks Fritz, so please translate and tell us what this means.. thanks
I have 5000 P’s locked in escrow in my TD Ameritrade account, so is anything concrete happening with them or is all this talk about them just speculation?
OBS contains all the commons, plus the preferred shares but not the CTs
Trying, that escrow position is LEHPQ and it is tied up in the OBS, so nobody really knows at this point..it was originally a preferred stock that had a face value of $1000, so it’s one of the most preferred of the stocks...hopefully when all the dust settles, if we live long enough, it will be worth something...hope this helps
Thanks for sharing, Newflow...I watched it, lasted about 20 minutes or so. She didn't really say anything we did not know, just the usual BS about how great of a job all the "professionals" had done on this case in a timely matter and bragging about the .$40 on the dollar that they have been able to pay back...blah, blah....just tell us if and when we are going to recover anything!!
that's what i was wondering
Thanks, Jovi, appreciate the reply!
In response to this article, I sent this email to the person listed on the euro cap article. I will post her response if she does respond...
Samantha, I own 5000 shares of LEHPQ shares, that is currently in an escrow position in my TD AMERITRADE account and wondering if the new ruling on Euro E-Caps affects my shares. Please advise if I need to take any action, thank you...
Argus, or anyone else, do you have the claim number for LEHNQ? Just curious, wanted to look it up...thanks
Goodie, $35 for a thousand shares? The LEH-P have a par value of $1000 each so that’s a drop in the bucket...I have 5000 shares of them and haven’t received anything yet...this is interesting if he actually received something
So that equals 32% of $25 FV or $8 per share?
Thanks Jovi, looks like good news for equity holders...anyone else agree?
Been reading this board for the last 8 years or so and the only conclusion that I can come up with is that nobody knows anything, only speculation...joe posting all of his negative BS, Cotton cutting and pasting, all theses so called magical dates for something to happen, which never happens...it’s all gotten old and boring but I still keep reading for news...maybe we score, maybe we don’t, so just let me know if and when the check is in the mail!!
????????
What this have to do with our Lehman CT's?
It's really exhausting reading all these BS posts you guys come up with, so I'm going to quit reading all the blah, blah, blah theories....Hopefully we will be receiving some concrete, hard facts soon...one way or another...until then, to He** with all of this nonsense...GLTA
My fellow board members, I highly recommend an action that will increase your energy level, make you really feel good about accomplishing something really positive and satisfying...I finally put this loser, INES on IGNORE...Damn, I reel so refreshed!!!
Argus, that is my thoughts as well, but just don't remember for sure...we need the braintrust to research this..
that would be sweet...please refresh my memory..CT's are in what class, as well as OBS? Thanks
Bivoj, is this what you were referring to?
Exhibit D
Allowed Claims Eligible for Eighth Distribution (October 1, 2015)
$ in millions
D8 Activity Bridge
Debtor Class Designation
Allowed Claims
Eligible for
Distributions
at D7
(1)
Newly
Allowed
Claims
(2)
Claims
Satisfied
in Full &
Other
(3)
Allowed Claims
Eligible for
Distributions
at D8
(1)
Lehman Brothers Holdings Inc.
3 Senior Unsecured $ 8 3,744.0 $ - $ - $ 8 3,744.0
4A Senior Affiliate Claims 5 8,822.0 - ( 3.1) 5 8,818.9
4B Senior Affiliate Guarantee 1 1,068.1 3 .2 ( 72.7) 1 0,998.5
5 Senior Third-Party Guarantee 3 5,137.0 23.2 (871.4) 3 4,288.8
7 General Unsecured 3,313.9 9 .9 0.0 3,323.9
8 Derivative Affiliate / Affiliate Guarantee Claims 504.9 - ( 13.4) 491.5
9A Third Party Guarantee Derivatives 2 5,577.0 956.2 (6,134.3) 2 0,398.8
9B Third Party Guarantee Derivatives RACER's 1,947.7 - - 1,947.7
10A Subordinated Class 10A Claims 3,399.1 - - 3,399.1
10B Subordinated Class 10B Claims 1 0,330.4 - - 1 0,330.4
10C Subordinated Class 10C Claims 1,492.9 - - 1,492.9
[color=red][/color]Total $ 235,337.0 $ 992.5 $ (7,094.9) $ 229,234.6
At least we know for sure that equity is an unsecured creditor...
There are four categories of general unsecured creditor claims subject to the
Trustee’s proposed third interim general unsecured distribution:2
a. Claims that have been allowed or settled (“Allowed
Unsecured Claims”);
2. At least two business days prior to the hearing on this Motion, the Trustee will submit schedules reflective of
the July 10, 2015 record date status of all general unsecured claims, which schedules will be the sole basis
entitling holders of general unsecured creditor claims to a third interim distribution.
08-01420-scc Doc 12478 Filed 07/13/15 Entered 07/13/15 11:42:09 Main Document
Pg 11 of 32
6
66077797_1
b. Claims, the allowance of which is pending before the Court
(“Pending Claims”);
c. Claims subject to objections pending before the Court
where the validity of the claim or claimed amount is in
dispute (“Unresolved Claims”); and
d. Claims subordinated or reclassified to equity
absolutely, Camaro...$1000 FV
I had some P's in my TD acct, 525ESCB16, and it is still listed....
Think positive , viva....no efin thoughts dude
Damn right jersey, give me a a .$27 on the dollar and I'm all done with this BS bankruptcy ! ??????
Mellow , no I do not own those...I own 5k shares of it that I are in my TD acct....I think it was shares that Lehman was auctioning off last year, but not sure
Stoc, don't know which other ones but I did not see anymore....check out the docket and see if you see anymore
Got this from page 6 of the docket #11478 from today's court action and not real sure what to make of it...
525ESCB16 N/A LEHMAN BROTHERS HLDGS INC, ESCROW CUSIP
CONV
8,698.0
this cusip number matches mine in my TD Ameritrade acct and it represents my shares of LEHPQ, that are currently in OBS...not sure exactly what this means..
ORDER AUTHORIZING THE ABANDONMENT
OF CERTAIN SECURITIES
Upon the motion dated February 13, 2015 (the “Motion”)1 of James W. Giddens
(the “Trustee”), as Trustee for the SIPA liquidation of Lehman Brothers Inc. (“LBI”), requesting
entry of an order authorizing the abandonment of the Nontransferable Securities and any
remaining Customer Name Securities that have not been requested by the registered holder, as
more fully described in the Motion; and the Court having jurisdiction to consider the Motion and
the relief requested therein in accordance with SIPA § 78eee(b)(4); and venue being proper
before this Court pursuant to SIPA § 78eee(a)(3) and 15 U.S.C. § 78aa; and it appearing that the
relief requested by the Motion is necessary and in the best interests of the estate, its customers,
its creditors, and all parties in interest; and it appearing that due and proper notice of the Motion
having been given to all parties who may have an interest in the Securities, and no other or
further notice is necessary; and the Trustee having articulated good, sufficient, and sound
business justifications for abandoning the Securities; and the Court having reviewed the Motion,
and it appearing that no objections have been filed to the Motion; and the Court having
determined that the legal and factual bases set forth in the Motion establish just cause for the
relief granted herein, it is hereby
1. Capitalized terms not defined herein shall have the meaning ascribed to them in the Motion.
08-01420-scc Doc 11478 Filed 03/12/15 Entered 03/12/15 15:04:54 Main Document
Pg 1 of 15
ORDERED that the Motion is GRANTED; and it is further
ORDERED that pursuant to section 554(a) of the Bankruptcy Code, made
applicable to this proceeding by SIPA sections 78fff(b) and 78fff-1(a), all Securities on Schedule
1 and 2 are hereby effectively abandoned effective as of fourteen (14) business days following
entry of this Order (the “Effective Date”) and physical certificates in the possession of the
Trustee may be destroyed; and it is further
ORDERED that, on the Effective Date, the Securities shall no longer constitute
property of the LBI estate pursuant to section 541(a) of the Bankruptcy Code or property held by
the Trustee as Bailee and the Trustee will have no further responsibility or obligations with
respect to the Securities; and it is further
ORDERED that the Trustee is authorized and empowered to take such actions as
may be necessary and appropriate to implement the terms of this Order; and it is further
ORDERED that this Court shall retain jurisdiction to hear and determine all
matters arising from or related to this Order.
Dated: New York, New York
March 12, 2015
/S/ Shelley C. Chapman
HONORABLE SHELLEY C. CHAPMAN
UNITED STATES BANKRUPTCY JUDGE
TD Ameritrade lists LEHNQ as $.16 bid and $12.50 ask....somebody know something we don't?
No, I am right. Don't end up holding a bag of worthless certificates.
So,Joe, why do you care about anyone "holding a bag of worthless certificates"? Could it be that you want to purchase a few of our "worthless" certificates...aka CT's? Or you are just a really nice caring dude who is trying to steer us "dumb" investors down the right path?
Nothing has changed in my TD acct, Stockjox....i have my LEHPQ's in it and they are showing as escrow..
So then it appears that the por will never end until they run out of cash and then maybe we get some real action, like the OBS will the illiquid assets?
thanks camaro, forgot all about that...i wonder if they will extend it, hope not!
Ines, please refresh my memeory...what is so important about March 2015 and why is OBS so golden on this date? thanks
When is da judge's ruling going to happen Cotton?