Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I can agree with that, but the #1 reason legal matters take a long time to complete...ATTORNEY$ ARE PAID BY THE HOUR $$$! Surgeons are paid by the job...Taxi drivers are paid by the mile. Lawyers have an incentive to drag out EVERY case. But I get it...this was a large and complex case. God I hope it's over soon! Jeez
What we don’t really know is What will happen after the whole plan is completed.
excellent point toogoodfella! IF/WHEN LBHI continues as a "going concern"...lets just say I will officially be the smartest guy in the room. At least in a room in my own house...13 years has been a LONG time to wait.
I ditto those remarks, especially the part about NO ONE exactly knows how this biggest BK ever in the history of mankind will end.
The lottery drawing date is getting closer...
Cheers
THANK YOU FOR YOUR SERVICE TO THIS BOARD JOE!
You're simply an amazing person and a legend in your own mind!
Keep it going toogoodfella! I like the way your mind works...
newflow, what are you sharing with us? Isn't this an 11 year old unexecuted document?
Cheers!
Please wash away Snookie and "The Situation"...
don't kill'em...just wash'em!
Stay safe Joisey Boy!
That's good stuff Toogoodfella!
As noted, however, all cumulative dividend arrearages must be paid in full if LBHI is to continue to operate as a going concern.
Keep it going Toogoodfella! Those words are like Shakespeare!
Joisey Boy I did not join the proposed class action suit. I hope it works out for y’all but I do not see it actually materializing into class action status.
I’ll be glad to eat crow dipped in chicken shit if I’m wrong but I don’t see it happening.
The time for CT court action was 2011-2012, not months before the close of the bankruptcy.
But what do I know!
Cheers
Yeah! Just like when they said CT’s are NOT expected to receive anything and of course we know that is incorrect. Everyone knows we’re getting $25 full value + $25 interest for 13 years. Oh and another $5 per share for JoiseyBoy cherry on top!
That, Mr. Toogoodfella, is the most beautiful excerpt I have read in a long while!
Cheers!
Interesting…
I like the way you think Toogoodfella!
well here it is anyways Joisey Boy!
15.2 Issuance of New Securities. In the discretion of the Plan Administrator, each
Debtor or Debtor Controlled-Entity (a) may form and transfer certain assets of the Debtors
and/or Debtor Controlled Entities to new (or utilize existing) entities, including, without
limitation, one or more separately managed partnerships, REITs or other investment vehicles, to
hold certain real estate or other assets of the Debtors and/or Debtor-Controlled Entities and, (b)
may, in connection therewith, issue New Securities for Distribution under the Plan. In the event
that the Plan Administrator determines to issue New Securities, each holder of Allowed Claims
or Equity Interests against a Debtor that contributed assets to the entity issuing New Securities
shall receive the relevant New Securities as Distributions in accordance with the Plan. The New
Securities shall be valued as of the date of the issuance and the holders of Allowed Claims or
Equity Interests receiving such New Securities shall be deemed satisfied to the extent of the
value of the New Securities.
15.3 Exemption from Securities Laws. To the maximum extent provided by section
1145 of the Bankruptcy Code and applicable non-bankruptcy law, the issuance of any New
Securities or Liquidating Trust Interests will be exempt from registration under the Securities
Act of 1933, as amended, and all rules and regulations promulgated thereunder and any other
applicable non-bankruptcy law or regulation.
Our POR says they/we will receive new shares...
I'll find it again and post in a minute.
will you read it this time? LOL!
all cumulative dividend arrearages must be paid in full if LBHI is to continue to operate as a going concern.
Git R Done!
hey Circle...do you have the urge to merge with Lehman Bros?
Git r Done and pay no taxes for the next 10 years or so!
https://www.circle.com/blog/our-journey-to-become-a-national-digital-currency-bank?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_2723610
the actual prospectus for the individual 4 CT's...
Good luck!
Dang I like the sound of that!
Keep'em coming toogoodfella...
I hear ya brother Toogoodfella…
Hoping for only the best here, but the equity shares were actually cancelled. Maybe it was a technicality since the administrators created the OBS with one share and maintained the former rights of payment for the former shareholders, but they did actually cancel old equity.
That seems very significant to me at least.
But what do I know.
Are we getting close to the end?
Cheers!
The way I would decipher this prospectus today is the CT's are the ONLY "stock-type" that trades under the LBHI banner. ALL other actual equity shares have been formally cancelled many years ago. So the major pay-off for CT's will be in the future as your quote indicates..."or hereafter entered into by Lehman Brothers Holdings in respect of any preferred securities of any affiliate of Lehman Brothers Holdings,". So once again, LBHI MUST return and rise from the ashes and hopefully utilize the NOLs...but they must return to business and issue new shares in order for CTs to be on a parity with those NEW shares.
Currently CTs are on a parity with cancelled senior preferred shares...but LBHI will rise again and most likely as a Bitcoin Crypto Bank
just my 2 cents...
Cheers!
I love it when you get on a roll! Keep it brother Toogood! Git r done!
Git eR Done!
What is that Argus63? Something new and weird everyday with Lehman.
Git r Done!
cottonisking...
how dumb do you think we are?
just because something clearly says what it says, it doesn't mean that it means what it says. You know what I mean? Let me repeat...
just because it clearly says something and we read it in the proper way, well that could mean it's the opposite of what it was meant to say...you know like a secret decoder pen thing.
keep trying cottonisking but i'm on to you...you CIA, NSA Deep dark underworld of misinformation! Jeez you must think we're stupid or something...
Cheers!
16.9% for the UK E-caps is pretty dang close to Joisey boys $5.00 that he's been spouting off for the past decade! we are the Git r Done gang! Next up should be Newco for LBHI...
They would not have gone to these lengths and now another 123 pages of legal jibberish for UK E Caps, to NOT reopen as a Newco...no way.
LBHI will rise again.
Cheers
Something just keeps telling me they will return to the money world as a crypto-something. They were the chosen bank to die when Bitcoin was created in 2008, so kinda makes sense to rise from the ashes as a crypto bank.
Check out the 1988 cover and short article in “The Economist” magazine…and then tell me there’s not a secret society running the show behind the facade of these political fuksticks! Just google 1988 Economist cover and you’ll have everything you need.
Cheers
LOL! I wouldn't know if it's common to BK's but without hesitation it is sleeeeeeeeezy! You know something is worth hiding when they add that language to the order. Too funny if you ask me.
But I think it's all still a good sign that LBHI will take advantage of NOL's and get back into bizness...hopefully as a CryptoBank for the Rothschilds!
Cheers
from the Final Decree Closing LBSF Bankruptcy...
ORDERED that the Plan Administrator is not required to publish notice of the final distributions for the Closing Debtor;
These BK Attorney's are such sleazy fuksticks!
we need to know whats up with "Liabilities Subject To Compromise".
That will be very telling...
both scenarios have the same effect in bankruptcy...IMHO
satisfied in full or paid in full, you are done either way...
scratch that one off the list. Next?
Cheers Joisey
https://therealdeal.com/2021/05/14/former-lehman-exec-lists-carnegie-hill-mansion-for-38m/
Must have been nice to work at LBHI back in the day! Come on Lehman...let’s do a redo as a Crypto Bank with Barclays or Goldman or Citi or Warren Buffet ...do something.
I couldn’t find your email address and I lost your contact info. Sorry about that. Feel free to resend to me at
Jimbo.Eason at Gmail.com
When I get yer email I’ll give you my new cell #. Hopefully this is close to the end and we all meet in Vegas for a Lehman - IHub reunion. I wanna watch Toogoodfella in the octagon ring body slam half of the ihub board! My money is on toogood for the win!
https://www.wsj.com/articles/on-jupiter-island-the-seaside-mansion-of-lehmans-last-ceo-sells-for-32-5-million-11621024510
While we wait ole Dick Fuld gets a little wealthier
LOL! I’m sorry if I drunk lawyered you Joisey! But you do look and act like a lawyer... very sophisticated and a little sleazy with that greased back hair and cuff links. Easy mistake on my part brother.
When it comes to chronic pain relief, choose KT Recovery+ Wave. The lightweight, wearable device provides electromagnetic therapy on the go – wherever you go. #KTTape #FinishStronger pic.twitter.com/AZeYwMrykI
— KT Tape (@KTTape) May 8, 2021
https://www.institutionalinvestor.com/article/b1rqsw5chd2z42/Marble-Ridge-Founder-Daniel-Kamensky-Sentenced-to-Six-Months-in-Prison
The Neiman Marcus Bidding War
In May 2020, the luxury retail chain Nieman Marcus filed for bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. Kamensky, a former bankruptcy attorney who worked at Lehman Brothers and Paulson & Co. before starting Marble Ridge in 2016, applied and was appointed to be a member of the retailer’s unsecured creditors’ committee at the onset of the bankruptcy.