The State of the Lehman Brothers Equity Plan Trust Estate:
1) Hire more lawyers to help settle 430 creditors claims seeking $28 billion from the debtors estate: Hire more manpower to manage existing lawyers and move toward a golden settlement agreement.
2) Settle big bank claims: JPMCB?
3) Dissolve non-debtor affiliates: CTs?
4) You do not have time to litigate all the guarantee claims. Use cash to buy your way out.
5) The Debtors must work harder to keep Judge Shelley C. Chapman free from extended court hearing. You have only one bankrupcty judge and you cannot hire more. Lay out your strategy in a war room full of top lawyers.
*** excerpt from State of the Estate ***
"Remaining matters:
Big Banks – Citi and Credit Suisse
RMBS related issues
Other Matters – dissolution of non-debtor affiliates and guaranty claim issues"
***
The current Lehman Brothers Plan Trust Board of Directors (BOD) need to create a "Guarantee Resolution" or contract that guarantees the successful wind down of this bankruptcy with an emphasis on the following metrics:
1) Cost/Time - Litigation versus offering a sweeter settlement agreement to remaining disputed claim holders
2) Equity holders stock value three years from now: War or recession or depression
3) Should the Debtors pay their last obligations to equity holders on December 6, 2020 or sooner? no
4) It will require a new methology to wind this bankruptcy down in three years. What methods got you to this point will not work to wind this bankruptcy down by December 6, 2020. We need a big compromise!
5) Six more distributions after 2017. Query the remaining disputed claim holders for input concering remaining distributions.
6) A&M's and BOD's incentives to increase unsecured cash distributions are working against winding this bankruptcy down sooner than December 6, 2020.
7) Do not wait until the last minute to tell Judge Chapman that you will fail to wind this bankrupcy down by December 6, 2020. Because you Just told her this past Thursday on August 17, 2017.
