Friday, March 29, 2019 10:41:11 AM
<<On September 19, 2017, the Bankruptcy Court entered the Order Pursuant to
Sections 105(a) and 1142(b) of the Bankruptcy Code Establishing Procedures for Distributions on Account of Guarantee Claims Corresponding to Certain Primary Claims Against Lehman Brothers Treasury Co. B.V. (ECF No. 56274) (the “Order”) authorizing the Plan Administrator to withhold Distributions on account of certain ISIN Guarantee Claims (as such term is used in the Order) corresponding to Primary Claims against Lehman Brothers Treasury Co. B.V. (“LBT”).>>
Why are these LBT Distributions withheld?
Does it have to do with the recent $10B+ sale? Buyer ID not divulged.
Anyone?
Lastly, how are $126B in claims distributed in this BK over 10 years and there isn't any debt matching programs from debtholders or other debt concessions?
Is it all looting?
Anyone?
mojo
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