Any posts are my opinion, and should not be relied on for your investment decisions.
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No it says- "Lehman Brothers Inc." = LBI, not LBHI
LEHLQ knocked down on $4 trade...LOL!
Time and Sales for LEHMAN BRO HD C/T IV PR L (LEHLQ) Jul 13, 2015
Symbol:
Time Price Volume Market
15:37:45 0.01 400 OTO
15:34:41 0.178 4000 OTO
14:59:59 0.1201 2000 OTO
12:26:24 0.1201 400 OTO
This is LBI, not LBHI. Some of the 1.8B will flow to LBHI.
New Maloni GSE blog out
http://malonigse.blogspot.com/2015/07/david-david-david.html
Sorry, not following your point(s)
The Trustee signed off on the sale...
The Trustee agreed to the sale of Lehman Brothers Inc.'s brokerage business to Barclays on the understanding that it was consistent with the deal that was presented to the Court and faithful to the fundamental principle of protecting customers and ensuring sufficient assets to satisfy customer claims. The disputed assets are needed to satisfy the claims of customers the Trustee was appointed to protect, and, in the case of certain assets, a transfer to Barclays would cause a violation of the Securities Investor Protection Act and the Securities and Exchange Commission's Customer Protection Rule.
http://www.prnewswire.com/news-releases/statement-from-the-office-of-james-w-giddens-trustee-for-the-liquidation-of-lehman-brothers-inc-under-the-securities-investor-protection-act-trustees-complaint-against-barclays-and-barclays-opposition-memorandum-88448692.html
Not an attorney. IMO, if US TSY loses it will be appealed. US DOJ is going to drag this out as long as possible.
Best intermediate term chance to recover some, would be to sell the commons on the strength of US TSY losing the current appeals or US TSY losing Fairholme case w/Judge Sweeney.
I second that, thanks 44 (wish we were back there). Best JW
Keep in mind this is between LBI (not LBHI) and Barclays. Judge Chapman is residing over the LBI proceedings as well.
Fingers crossed. Hope Judge Sullivan agrees Cotton. Thx.
No, different case and Judge. RE: CTs, the trustee's contractual duties have been raised to J. Sullivan.
Thx again Cotton.
Judge Sullivan summary judgement is pending since Dec 2014. Last update was...
"a fully briefed motion for summary judgment is pending, certification of the Bankruptcy Court's order as final is not warranted here. Accordingly, IT IS HEREBY ORDERED THAT Plaintiffs' motion is deemed made and DENIED. (Signed by Judge Richard J. Sullivan on 12/8/2014."
Camaro
Different case and judge. The is case between JPM and LBHI in front of Judge Sullivan. It will not be shown on the docket.
Lehman Brothers Holdings Inc. et al v. JPMorgan Chase Bank, N.A.
New York Southern District Court, Case No. 1:11-cv-06760
District Judge Richard J. Sullivan, presiding
LEHMQ has not been listed (tradable) since 3/2012. They are escrows since then, just like the pref J's
It just confirms OBS trust still intact and J should not have been removed.
All mine have been restored at Scottrade as well.
Volume on all 4 CTs today...
http://finance.yahoo.com/quotes/LEHKQ,LEHLQ,LEHNQ,LHHMQ
Cantor did make opening comments regarding people asking him about settling with Barclays. He said that it was LBI that has settled with Barclays, not LBHI.
Thanks Jim. Email sent
Anyone near the courthouse? Would be great if we got a readout from the presentation
“State of the Estate” presentation (the “Presentation”) on June 9, 2015 at 11:00 a.m. The Presentation will be held before the Honorable Shelley C. Chapman, United States Bankruptcy Court, Alexander Hamilton Custom House, One Bowling Green, New York, New York, Room 623.
Greek economy is roughly the size of Connecticut. Too much media attention.
http://en.wikipedia.org/wiki/Comparison_between_U.S._states_and_countries_by_GDP_(nominal)
Docket 49914 has NOTHING to do with CTs. Here are the list of claims in docket 49914...
EXHIBIT A
Claimant Claim No. Response
Dongbu Securities Co., Ltd. 14184 ECF No. 49298
Hana Bank as Trustee and My Asset
Investment Management Co., Ltd.
27288 ECF No. 49425
Kookmin Bank as Trustee and UBS
Hana Asset Management Co., Ltd.
27290 ECF No. 49427
Kookmin Bank as Trustee and UBS
Hana Asset Management Co., Ltd.
27291 ECF No. 49426
Kyobo Securities Co., Ltd. 25776 ECF No. 49298
Mirae Asset Securities Co., Ltd. 10870 n/a
Standard Chartered First Bank as
Trustee
27287 n/a
Woori 2 Star Derivatives Fund KH-3 8699 n/a
Woori 2 Star Derivatives Fund KW-8 8700 n/a
Ines, is your intent to mislead?
It is funny, painting the tape at or just below bid with 20 shares. For $2.118
See below...
Time and Sales for LEHMAN BRO HLDC/T 6.00% M (LHHMQ) Jun 03, 2015
Symbol:
Time Price Volume Market
11:05:37 0.1059 10 OTO
11:04:32 0.1059 10 OTO
The CTs trustee and trust (that is intact) matter a great deal IMO. Any Newco and our trustees will enforce CTs pref seniority status, if LBHI does not automatically.
IMHO
(Reuters) - Investment bank Stifel Financial Corp (SF.N) is in advanced negotiations to acquire Barclays Plc's (BARC.L) U.S wealth management unit, according to three people familiar with the situation.
A deal for the business - the former brokerage arm of Lehman Brothers - could come as early as next week, the people said.
http://finance.yahoo.com/news/exclusive-stifel-lead-buy-barclays-022618791.html
This has nothing to do with Capital Trust shares. The claims are valid and allowed in full...
http://dm.epiq11.com/LBH/Claim#Claim=67753%2B21805%2B22122%2B22123&ClaimAmount=200000000&ClaimAmountClass=Unsecured&ClaimAmountClassInequalities=%3E&Scope=0&ds=true&ex=false&maxPerPage=25&page=1
BNYM as trustee has also confirmed as well.
You should go away, no one is falling for your games.
End of day ask shows up again...
LEHNQ : LEHMAN BROTHERS FIN SA CAPITAL TRST VI
Last: 0.1023
Change: -0.0627 (-38.00%)
Bid/Size: 0.1002/5,000
Ask/Size: 2.25/100
Volume: 1000
The best place is directly with the OTC
http://www.otcmarkets.com/stock/LEHKQ/quote
http://www.otcmarkets.com/stock/LEHnQ/quote
http://www.otcmarkets.com/stock/LEHLQ/quote
http://www.otcmarkets.com/stock/LHHMQ/quote
All are "OTC Pink Limited Information"
OTC Pink Limited Information
Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to provide disclosure pursuant to OTC Pink Basic Disclosure Guidelines.
Scottrade is likely not current
Nice ask on the N's
LEHNQ : Grey Sheets LEHMAN BROTHERS FIN SA CAPITAL TRST VI
Last: 0.165
Change: -0.005 (-2.94%)
Bid/Size: 0.0101/10,000
Ask/Size: 2.25/100
Thx 44
I think an FDIC like insurance is a good idea to quickly restore private faith. If that is the path out of cship, the 10% divi is usury.
For the non-trolls here. You can follow the filings New York Southern District Court, Case No. 1:11-cv-06760
District Judge Richard J. Sullivan, presiding
http://www.plainsite.org/dockets/tyghh4iw/new-york-southern-district-court/lehman-brothers-holdings-inc-et-al-v-jpmorgan-chase-bank-na/
Yeah, I remember and I have scottrade as well. Wait mode back on.
19,000 CTs grabbed at .1404 - .15
Time and Sales for LEHMAN BROS HLDG C/T VI N (LEHNQ) May 19, 2015
Symbol:
Time Price Volume Market
13:03:51 0.15 5000 OTO
13:03:50 0.1404 4000 OTO
13:02:53 0.15 10000 OTO
Thanks for another useless post. Ignore feature applied to you.
Again, Lehman has made no announcement or tender offers.