AI
Monday, September 22, 2014 4:28:34 PM
could it be more clearer? can someone please post again what was the rate of recovery for each class after the last distribution? i remember i saw it
Docket 46343
9. On August 22, 2011, the Parties entered into a stipulation (so ordered by
the Bankruptcy Court on September 1, 2011) (the “2011 Stipulation”) pursuant to which the
Claims were reduced to the total maximum amount of $780,000,000, which represented all
amounts that would have become due under the Lease less amounts to be paid by J.P. Morgan.
In the 2011 Stipulation, LBHI agreed that it would reserve against payment of such maximum
allowable amounts, until such time as the Claims were settled or finally adjudicated, an amount
equal to the sum that would have been distributed in respect of such maximum allowed amount
had the same been allowed as Class 3 claims under the Plan. Pursuant to that obligation, LBHI
has to date reserved a total of $210,010,179.60 on account of the Claims (the “Existing
Reserve”).
it is 27% isn't it??????? thats what the debtor is saying. but as GUS used to say..what do they know
