Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

LBHI's Plan Administrator taught me years ago how to read the lawyers computer code boss. Boss, the lawyers computer code does not use numbers or base 2 or base 8 or base 16 math. It is all English boss. So, go at it boss...

After 20 years of real computer code work, I got sick boss and fell in love with flowers!

Boss there are many hidden secrets in this script down below.

***

"What is ASSERT? definition of ASSERT (Black's Law Dictionary)
This means to declare, maintain and to charge as being true."

https://thelawdictionary.org/assert/

Be true to me boss and read!

***

[Boss, when the Affiliates asserted their claims, they jumped over LBHI's subordinate notes]

"Class 4B provides for the separate classification of Senior Affiliate Guarantee
Claims, which are Guarantee Claims asserted by Affiliates that are
contractually entitled to a priority in right to payment over certain
subordinated debt Claims against LBHI."

VERSUS

[Boss, nothing in class 10B has been asserted yet! Maybe on May 30, 2019].

"Classes 10A, 10B and 10C provides for the separate classification Claims
against LBHI that are contractually subordinated to certain other Claims
against LBHI."

*** [The Affiliates did it again boss!]

"Class 8 provides for the separate classification of Affiliate Claims against
LBHI, which are all Claims against LBHI asserted by an Affiliate that are not
entitled to a priority in right to payment over subordinated debt Claims against
LBHI."


***

cottonisking Monday, 12/29/14 07:46:52 PM
Re: LORTAP KCOTS post# 52235 0
Post # of 84015

Dear Hon. Richard Sullivan:

Lehman Brothers Holdings Inc. and JPMorgan Chase Bank has a fiduciary duty to their LBHI TRuPS holders and their respective junior subordinate debenture holders (The Bank of New York Mellon as Property Trustee). JPMorgan Chase Bank is the Guarantee Trustee for the LBHI TRuPS holders.

I would like to intervene in case: No. 11-cv-6760 (RJS) on the grounds that Barclays Capital did not assume the LBHI TRuPS and their respective LBHI junior subordinate debentures when LBI was sold to Barclays Capital on September 22, 2008. Therefore, Lehman Brothers Holdings Inc. and JPMorgan Chase Bank breached their fiduciary duties to the LBHI TRuPS holders and their respective junior subordinate debenture holders.

Lehman Brothers Holdings Inc. and JPMorgan Chase Bank were fully aware that Barclays Capital breached the LBI Asset Purchase Agreement (APA) and LBHI subordinate notes indenture, by not paying the LBHI TRuPS/subordinate notes cure cost, on September 22, 2008. As a result of the Barclays Capital breach in the APA and subordinate notes indenture, the LBHI TRuPS junior subordinate notes should not be in LBHI class 10B due to section 510 (a) and 510(b) of the bankruptcy code.

However, since Lehman Brothers agreed to pay the cost for any breach in the LBI Asset Purchase Agreement under excluded liabilities, I plea for Lehman Brothers and JPMorgan Chase Bank to pay the LBHI TRuPS principal and post-petition interest in full out of the $6.9 Billion in cash held in the JPMorgan Chase Bank General Ledger account ahead of their claims to the $6.9 Billion in cash. The total dollar amount for the LBHI TRuPS/subordinate notes principal and post-petition interest is estimated at $1.75 Billion.

See LBHI TRuPS/subordinate notes Bank of New York Mellon claim numbers below:

Ticker
Claim Number
Cusip Number
Issuer/Trust

LEHKQ
21805
52519Y209
Lehman Brothers Holdings Capital Trust III


LEHLQ
22122
52520B206
Lehman Brothers Holdings Capital Trust IV

LHHMQ
22123
52520E200
Lehman Brothers Holdings Capital Trust V

LEHNQ
67753
52520X208
Lehman Brothers Holdings Capital Trust VI


Regards,
Rickey M. Gregory






Exhibit A

United States: A Safe Harbor For Trustees And Bondholders: Using Section 546(E) To Protect Trustees And Bondholders From Avoidance Actions
.
.
.
What Should Trustees and Holders of Notes, Bonds and Debentures Do?
When there has been a default under a note, debenture or bond indenture, trustees should be wary of accepting late payments. Payments made on time in accordance with the terms of the indenture will likely not be avoidable as a preference because they are payments made in the ordinary course of business. If there has been a default and a payment has been missed, creditors and trustees should consider structuring the workout and repayment of the defaulted notes as a purchase, repurchase or redemption of the notes. Payments should flow through the trustee so that a financial institution is involved in the transaction. An agreement for the purchase or redemption of the notes should be executed. If those steps are followed, the payment from the debtor would likely be a settlement payment from its bank to the trustee, both financial institutions, and the payment would complete a securities transaction, the purchase or redemption of a security. Under these circumstances, there is a good chance a court would be required to apply the safe harbor of section 546(e) to the transaction and exempt the transfer from avoidance under section 546(e)

http://www.mondaq.com/unitedstates/x/270148/Insolvency+Bankruptcy/A+Safe+Harbor+For+Trustees+And+Bondholders+Using+Section+546E+To+Protect+Trustees+And+Bondholders+From+Avoidance+Actions




*** Docket 26996 ***

08-13555-jmp Doc 26996 Filed 03/19/12 Entered 03/19/12 07:50:51 Main Document


The final estimate prepared by the Claims Appraiser(s) shall be conclusive and binding for all
purposes under the ICP.
For purposes of measuring performance under the ICP, “POR Value” shall mean $53.043 billion.
For purposes of measuring performance under the ICP, Claims Benchmark shall mean $299.8 billion.



LBHI DIRECTOR INCENTIVE COMPENSATION PLAN (“ICP”)
.
.
.
A Director’s ICP Participation in each applicable year is equal to 1/7th of the
Incentive Pool for such year. The Incentive Pool for each applicable year is equal to
the product of (A) the excess of (i) the amount determined pursuant to Table 1 below
based on the amount of all Unsecured Recoveries realized during or prior to such year
over (ii) the amount determined pursuant to Table 1 below based only on the amount
of Unsecured Recoveries realized prior to such year multiplied by (B) the Speed-of-
Distributions Multiplier determined under Table 2 below based upon date on which
each respective realization of Unsecured Recoveries occurs.
Table 1 – ICP Benchmark Amount (Based on Cumulative Unsecured Recoveries):
? 1.32 bps for achieving the POR Value;
? 17 bps for the next $10 billion of Unsecured Recovery;
? 44 bps for the next $5 billion of Unsecured Recovery;
? 48 bps for the next $5 billion of Unsecured Recovery; and
? .50% of the amount of any additional Unsecured Recovery.
Aggregate ICP Benchmark amounts are interpolated on a straight-line basis for
Unsecured Recovery from $0 to POR Value and within each of the subsequent
three recovery bands

*** Asset Management Incentive Fee Docket 29165***

2. A portion of the Incentive Fee will be determined by reference to the value of
Unsecured Distributions (as defined below). The Debtors, and any successors thereof, shall pay and distribute to Alvarez & Marsal an Incentive Fee equal to
0.175% (17.5 bps) of all Unsecured Distributions greater than $15 billion.

3. As used herein, the term “Unsecured Distributions” shall mean any consideration
or distribution of any kind or in any form whatsoever paid to, or received or retained
by, any unsecured creditor of any Debtor or Non-Debtor affiliate of a Debtor (“Non-
Debtor”), or to any reserve or escrow for the benefit of any allowed, disputed or
contingent unsecured claim against any Debtor or Non-Debtor, whether distributed
pursuant to a plan of reorganization, a plan of liquidation, as an interim or other
distribution during the administration of these Chapter 11 cases, or as otherwise
distributed following the termination, dismissal or conversion of all or any of these
Chapter 11 cases to one or more cases under Chapter 7 of the Bankruptcy Code or
otherwise.
.
.
.
$ 7 4,238.92 $ (19,939.60) $ ( 793.57) $ 5 3,505.74 $ (23,344.94) $ 3 0,160.81
Asset Management Incentive Fee Percentage 0.175%
Estimated Remaining Asset Management Incentive Fee Calculation $ 52.78 1
Estimated Total Asset Management Incentive Fee $ 67.39
1 These amounts are estimated based on information currently available to Alvarez & Marsal. The substantial services for which Alvarez & Marsal has earned the
Asset Management Incentive Fee were provided prior to the Effective Date. In addition, certain post-Effective Date services are being provided by Alvarez &
Marsal in order to facilitate final distributions. The amount of those distributions will enable final calculation of the total Asset Management Incentive Fee,
which will be calculated and paid in accordance with the Incentive Fee percentage and the final distribution amount. Therefore, the final Asset Management
Incentive Fee may be more or less than the estimates herein.

*** LBHI/Barclays Capital Asset Purchase Agreement ***

Quote:
--------------------------------------------------------------------------------
ASSET PURCHASE AGREEMENT
AMONG
LEHMAN BROTHERS HOLDINGS INC.
LB 745 LLC
AND
BARCLAYS CAPITAL INC.

Dated as of September 16, 2008

.
.
.
.

2.4 Excluded Liabilities

(a)

(b)

(c)

(d)

(e) all Liabilities relating to amounts required to be paid by Seller, hereunder, including upon any breach;

(f)

(g)

page 12 of 42
--------------------------------------------------------------------------------



*** Docket 3596 ***


Quote:
--------------------------------------------------------------------------------
3596 05/18/2009 Application for FRBP 2004 Examination Motion of Debtor and Debtor in Possession for an Order, Pursuant to Fed. R. Bankr. P. 2004, Authorizing Discovery from Barclays Capital, Inc. filed by Benjamin Rosenblum on behalf of Lehman Brothers Holdings Inc.. with hearing to be held on 6/3/2009 at 10:00 AM at Courtroom 601 (JMP) Responses due by 5/29/2009, (Attachments: # (1) Exhibits A-G) (Rosenblum, Benjamin)


Case: Lehman Brothers Holdings Inc.


Related: none Documents
Main Document Exhibits A-G

***

2. Since the completion of this expedited negotiation and sale of one of the
largest investment banks in the world, the Debtor has become aware of apparent material
discrepancies relating to the liabilities Barclays was to assume and the benefits LBHI (or related
entities) was to receive under this and related transactions. As noted below, these apparent
discrepancies concern, inter alia, Barclays’ obligation to pay employee bonuses and certain
contract cure amounts (both of which materially impacted the value of the sale) as well as to
certain asset transfers related to repurchase transactions conducted during the week the Sale
Transaction was negotiated. In the aggregate, these apparent discrepancies may have resulted in
a windfall to Barclays at the expense of the estate, its creditors and other parties in interest, in an
amount that could reach into the billions of dollars. As a result, the Debtor now seeks discovery
from Barclays to enable the estate to properly review these issues and determine Debtor’s rights
and obligations (and to assess whether it may have claims) under these transactions.
.
.
.
17. Second, this Court’s approval of the Sale Transaction was premised on
Barclays’ undertaking an obligation to pay certain contract “cure” amounts described as being in
the range of $1.5-$2.25 billion. The above-referenced financial statement listed the accrual for
such “cures” at $2.25 billion (see Exhibit A hereto), although for some reason (not yet clear to
the Debtor) a $1.5 billion figure was presented to the Court during the Sale Motion. (See 9/19/08
Hearing Tr. at 101:1-4; see also 9/17/09 Hearing Tr. at 23:5-24:8) Either way, there appears to
be a large discrepancy between these stated amounts and the actual “cure” costs ultimately paid
by Barclays. Indeed, the closing date contract cure amounts publicly posted on September 19th
and October 1st were in the range of only $100-$200 million. And based on Debtor’s
preliminary analysis it appears that Barclays has paid slightly more than $200 million (as of
2/24/09) in contract cure costs. The requested discovery seeks information relating to this
apparent material discrepancy concerning the consideration Barclays was to have given in the
Sale Transaction.
.
.
.
29. Thus, over three months have passed since the Debtor first requested
information from Barclays about these matters and Barclays has produced nothing to date.
Accordingly, the Debtor files this motion as this is the most efficient means for moving this
discovery ahead.
--------------------------------------------------------------------------------




*** News Article ***

Lehman to Pay Barclays $6 Million for Its Own Chairs (Update1)
By Linda Sandler and Christopher Scinta - June 12, 2009 11:27 EDT

Barclays Capital logos are displayed
June 12 (Bloomberg) -- Lehman Brothers Holdings Inc., nine months after selling its brokerage to Barclays Plc while in bankruptcy, is still in disputes with the British bank over who owns what, including the investment bank’s own furniture.

Lehman, once the fourth-largest investment bank, asked a bankruptcy judge in New York last week to let it pay Barclays $5.9 million to buy back desks, chairs, tables, cubicles, audio-video equipment and security paraphernalia it currently uses in a building at 1271 Avenue of the Americas in Manhattan.

The repurchase is necessary because “Barclays has asserted that certain of the office furniture, fixtures and equipment that is located in the building and used by the debtors was previously sold to Barclays,” Lehman said in a June 4 filing in U.S. Bankruptcy Court in New York.

The New York-based investment bank’s disputes with Barclays have ranged from whether the liabilities assumed by Barclays were less than what the parties assumed in setting the purchase price to who owns Lehman-logoed umbrellas.

Lehman, which filed the biggest bankruptcy in U.S. history in September with assets of $639 billion, is trying to cut its overhead including lease costs as it liquidates. Its landlord has agreed to cut Lehman’s rent by $305 million to $21 million on an existing lease, partly in exchange for getting the furniture, according to the filing. Lehman first has to buy it back from Barclays, the third-biggest U.K. bank by assets.

The lease will be shortened and Lehman will rent less space under the proposed arrangement, a court filing shows.

Peter Truell, a Barclays spokesman, declined to comment, as did Kimberly Macleod, a Lehman spokeswoman.

Windfall Profit?

Last month, Lehman, which has an estimated $200 billion in unsecured liabilities left to pay, asked the bankruptcy judge to investigate whether Barclays made a windfall profit when it bought Lehman’s brokerage unit and real estate for $1.54 billion just days after the securities firm filed for bankruptcy.

The firm “has become aware of apparent material discrepancies relating to the liabilities Barclays was to assume,” Lehman said in a May 18 court filing. “These apparent discrepancies may have resulted in a windfall to Barclays at the expense of the estate, its creditors and other parties in interest, in an amount that could reach into the billions of dollars.”

As part of the acquisition, Barclays received almost $4 billion in securities and cash from Lehman to pay liabilities such as equipment leases, severance and bonuses, said a person familiar with the matter who declined to be named. Later, when Barclays announced its financial results for 2008, the bank said it recorded a gain of 2.26 billion pounds ($3.75 billion) from the acquisition of Lehman’s North American operations, according to the court filing.

Lehman’s Liabilities

The bank may have paid only some of Lehman’s liabilities that it undertook to pay, or the liabilities may have been smaller than originally estimated, the person said. If so, Lehman wants its money back, the person said.

Lehman Chief Executive Officer Bryan Marsal wrote to Barclays in March, asking the bank to explain how it made a profit on the purchase.

Lehman must pay for the furniture “within three business days” of court approval of the purchase, and Barclays afterward “shall have no obligation to repair or restore” any of the items, according to a June 4 Barclays letter filed in court.

Cables, Wires

Lehman will regain ownership of its cables, wires and other “improvements” for just $1, with $3 million going for information technology equipment and $2.9 million for tables, desks and chairs, according to court papers.

In an earlier skirmish over chairs, resolved in May, Barclays won the right to carry off as many as 150 of Lehman’s chairs in a building at 399 Park Avenue where they both rent space. The bankrupt firm promised the landlord to replace them with seating of “reasonably similar quality and condition,” according to court papers.

Barclays said in a court filing that Lehman’s request for more information on the brokerage purchase “amounts to a wholesale attack on this court’s order approving the sale” in September. “This court specifically found that the consideration was fair, and that the transaction was entered into in good faith and was in the interest of the estate,” a June 5 filing said.

In December, Marsal said creditors might have recovered $50 billion to $75 billion more if Lehman had been wound down in an orderly way instead of hurriedly filing for court protection.

A hearing on the request to pay Barclays for the furniture and to probe the brokerage sale is scheduled for June 24 before U.S. Bankruptcy Judge James Peck.

The case is In re Lehman Brothers Holdings Inc., 08-13555, U.S. Bankruptcy Court, Southern District of New York (Manhattan).

To contact the reporters on this story: Christopher Scinta in New York bankruptcy court at [e-mail]; Linda Sandler in New York at [e-mail].

To contact the editor responsible for this story: David E. Rovella at [e-mail].

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=az4FxP1gjZB0


***lehman-brothers-v.-barclays-capital-adversary-complaint-bankr.-s.d.n.y.-case-no.-09-01731-filed-November-16-2009***


Quote:

--------------------------------------------------------------------------------

COUNT I
Aiding and Abetting Breach of Fiduciary Duty


81. The Lehman officers’ breaches of duty, and Barclays’ participation in, and
aiding and abetting of, such breaches, caused Lehman, and ultimately its creditors, to suffer
damages, in an amount to be determined at trial. Such damages include, but are not limited to:
(i) the difference between the $4.25 billion in employee compensation and contract cure
liabilities Barclays was supposed to assume under the Asset Purchase Agreement and the amount
of such liabilities it actually paid upon closing the Sale Transaction; (ii) the $5 to $7 billion in
excess collateral that Barclays received through the September 18 Repurchase Agreement and
Clarification Letter; and (iii) the value of all other additional assets transferred to Barclays over
and above those approved by the Court.

--------------------------------------------------------------------------------




http://insuranceclaimsbadfaith.typepad.com/files/lehman-brothers-v.-barclays-capital-adversary-complaint-bankr.-s.d.n.y.-case-no.-09-01731-filed-november-16-2009.pdf





***** Online PDF Article ****
Quote:

--------------------------------------------------------------------------------

CONCLUSION
Based on the foregoing survey of the relevant cases, the legislative
history of Section 510(b) and its underlying policy considerations, we
believe the “but for” test for determining whether a claim falls within the
ambit of Section 510(b) should be appropriately limited to claims seeking
to recover the decrease in value of investments in a debtor’s security,
or where the claimant is seeking to transform a residual equity interest
into a general unsecured claim. If, on the other hand, the claim is for
damages resulting from the debtor’s breach of an agreement whose
subject matter happens to be the debtor’s security, but the claim
does not seek to recover for a decrease in the value of the security
or to transform an equity security interest into general claim, the claim
should not be subordinated under Section 510(b), even if the claim would
not have arisen “but for” the purchase of the debtor’s security.

--------------------------------------------------------------------------------


http://www.chadbourne.com/files/Publication/721570ef-ae4e-4232-b86f-4eef97ca5d10/Presentation/PublicationAttachment/633bd65a-cf79-48da-8a90-c8b0ffa4b479/zink.pdf




*** Docket 22759 ***


Quote:
--------------------------------------------------------------------------------

22759 11/29/2011 Declaration of John K. Suckow in Support of Confirmation of Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and its Affiliated Debtors filed by Lori R. Fife on behalf of Lehman Brothers Holdings Inc..Case: Lehman Brothers Holdings Inc.
Related: none



.
.
.
LBHI Classes 10A, 10B, 10C and 11 and Classes of Equity Interests in each
Debtor are not entitled to receive or retain any property under the Plan and,
therefore, are deemed to have rejected the Plan pursuant to section 1126(g) of
the Bankruptcy Code. As to such Classes, the Plan may be confirmed under
the “cram down” provisions of section 1129(b) of the Bankruptcy Code, as
discussed below.
.
.
.
106. It is my understanding that the Distributions under the Plan are made in
the order of priority proscribed by the Bankruptcy Code and in accordance with the rule of
absolute priority. Pursuant to the Plan, holders of Allowed Claims in a given class must be paid
in full before a distribution is made to a more junior class. It is also my understanding that the
absolute priority rule is not violated as to the holders of Allowed Claims in LBHI Class 10A,
10B, 10C and LBHI Class 11 because no distribution will be made on account of Equity Interests
in LBHI until such Claims are satisfied in full. These claim holders will not realize a recovery
under the Plan as a result of the enforcement of sections 510(a) and (b) of the Bankruptcy Code,
not because consideration is being provided to junior classes.
.
.
.
08-13555-jmp Doc 22759 Filed 11/29/11 Entered 11/29/11 16:38:50 Main Document

LBHI. The Plan separately classifies Claims against or Equity Interests in LBHI into seventeen (17) Classes as follows:


Class 1 includes Claims entitled to priority under section 507(a) of the
Bankruptcy Code or, to the extent applicable, 12 U.S.C. § 4617(b)(15), other
than Priority Tax Claims, which are not classified and are separately treated
under section 2.3 of the Plan.


Class 2 includes all Secured Claims that are secured by a lien or collateral or
that are subject to a valid right of setoff in accordance with Section 506 of the
Bankruptcy Code.


Class 3 provides for the separate classification of Senior Unsecured Claims,
which generally are Claims based upon bonds issued by LBHI that are
contractually entitled to a priority in right to payment over all subordinated
debt Claims against LBHI.


Class 4A provides for the separate classification of Senior Affiliate Claims,
which are Claims asserted by Affiliates against LBHI that are contractually
entitled to a priority in right to payment over certain subordinated debt Claims
against LBHI.


Class 4B provides for the separate classification of Senior Affiliate Guarantee
Claims, which are Guarantee Claims asserted by Affiliates that are
contractually entitled to a priority in right to payment over certain
subordinated debt Claims against LBHI.


Class 5 provides for the separate classification of Senior Third-Party
Guarantee Claims, which are Guarantee Claims asserted by a party that is not
an Affiliate and that are contractually entitled to a priority in right to payment
over certain subordinated debt Claims against LBHI.


Class 6A provides for the separate classification of Convenience Claims,
which are Senior Unsecured Claims or General Unsecured Claims in an
amount of $50,000 or less.


Class 6B provides for the separate classification of Convenience Guarantee
Claims, which are Senior Third-Party Guarantee Claims or Third-Party
Guarantee Claims in an amount of $50,000 or less.


Class 7 provides for the separate classification of General Unsecured Claims
against LBHI, which generally include trade vendor, rejection damages and
litigation Claims (other than Claims subject to section 510(b) of the Bankruptcy Code), that are not entitled to a priority in right to payment over subordinated debt
Claims against LBHI.


Class 8 provides for the separate classification of Affiliate Claims against
LBHI, which are all Claims against LBHI asserted by an Affiliate that are not
entitled to a priority in right to payment over subordinated debt Claims against
LBHI.


Class 9A provides for the separate classification of Third Party Guarantee
Claims, which are Guarantee Claims asserted by a party that is not an Affiliate
or a Designated Entity and that are not entitled to a priority in right to
payment over subordinated debt Claims against LBHI.


Class 9B provides for the separate classification of the Guarantee Claim of the
Racers Trusts, which is allowed pursuant to the Global Settlement in the
amount of $1.947 billion.


Classes 10A, 10B and 10C provides for the separate classification Claims
against LBHI that are contractually subordinated to certain other Claims
against LBHI.


Class 11 provides for the separate classification of Claims against LBHI that
are subordinated to other Claims against LBHI pursuant to section 510(b) of
the Bankruptcy Code.


Class 12 provides for the separate classification of LBHI Equity Interests.

--------------------------------------------------------------------------------





***lehman-brothers-v.-barclays-capital-adversary-complaint-bankr.-s.d.n.y.-case-no.-09-01731-filed-November-16-2009***




Quote:
--------------------------------------------------------------------------------
COUNT I
Aiding and Abetting Breach of Fiduciary Duty


81. The Lehman officers’ breaches of duty, and Barclays’ participation in, and
aiding and abetting of, such breaches, caused Lehman, and ultimately its creditors, to suffer
damages, in an amount to be determined at trial. Such damages include, but are not limited to:
(i) the difference between the $4.25 billion in employee compensation and contract cure
liabilities Barclays was supposed to assume under the Asset Purchase Agreement and the amount
of such liabilities it actually paid upon closing the Sale Transaction; (ii) the $5 to $7 billion in
excess collateral that Barclays received through the September 18 Repurchase Agreement and
Clarification Letter; and (iii) the value of all other additional assets transferred to Barclays over
and above those approved by the Court.
--------------------------------------------------------------------------------



http://insuranceclaimsbadfaith.typepad.com/files/lehman-brothers-v.-barclays-capital-adversary-complaint-bankr.-s.d.n.y.-case-no.-09-01731-filed-november-16-2009.pdf


*******OLD POST ******

Successor Successor Successor - The Underwriters Guarantee between Lehman Brothers and the Guarantee Trustee: JPMCB...


Quote:
--------------------------------------------------------------------------------
24. In connection with its business and financial dealings, Lehman Brothers’
employees utilize business cards and stationery that contain the LEHMAN BROTHERS mark
and logo. They also utilize email addresses that end with the domain name
@lehmanholdings.com and use the LEHMAN Marks, including the name and mark LEHMAN
BROTHERS, in their email signature blocks. Some employees at Lehman Brothers wear
uniforms branded with the LEHMAN BROTHERS mark. Lehman employees also carry and
sometimes wear security identification badges branded with the LEHMAN BROTHERS mark
and logo. When engaging in business dealings and financial transactions, Lehman Brothers
employees represent themselves as such and frequently utilize the LEHMAN Marks, including
the name and mark LEHMAN BROTHERS, in both written and oral communications, contracts
and other business materials.

25. Lehman Brothers’ stock currently is publicly traded over the counter in three classes.
--------------------------------------------------------------------------------




http://assets.law360news.com/0602000/602945/Barclays%20v.%20Tiger.pdf



***old post***

Quote:
--------------------------------------------------------------------------------

Trademark Trial and Appeal Board Electronic Filing System. http://estta.uspto.gov
ESTTA Tracking number: ESTTA640894
Filing date: 11/24/2014
IN THE UNITED STATES PATENT AND TRADEMARK OFFICE
BEFORE THE TRADEMARK TRIAL AND APPEAL BOARD
Notice of Opposition
.
.
.

44. Barclays is the owner of U.S. Application Ser. No. 86/081,143 for the mark
LEHMAN BROTHERS for “Securities brokerage services; investment consulting services;
investment banking services; merchant banking services; financial and investment management
services; financial planning and investment advisory services; financial research services;
administration and valuation of financial investments; financial sponsorship of sporting,
charitable and educational events; providing consultancy, information and advisory services
relating to all the foregoing” in International Class 36, which application was filed on October 2,2013,
on an intent-to-use basis under Trademark Act Section 1(b) and was published for opposition on September 30, 2014.
45. Barclays retains its trademark rights in the LEHMAN Marks, including the mark
LEHMAN BROTHERS.
--------------------------------------------------------------------------------



http://assets.law360news.com/0602000/602945/Barclays%20v.%20Tiger.pdf

******

Quote:
--------------------------------------------------------------------------------
THIS EXHIBIT 1(d) IS THE FORM OF UNDERWRITING AGREEMENT TO BE USED BY EACH OF
LEHMAN BROTHERS HOLDINGS CAPITAL TRUST I, LEHMAN BROTHERS HOLDINGS CAPITAL TRUST
II AND LEHMAN BROTHERS HOLDINGS CAPITAL TRUST III IN CONNECTION WITH THEIR
ISSUANCE AND SALE OF PREFERRED SECURITIES]

EXHIBIT 1(d)
?
PREFERRED SECURITIES

LEHMAN BROTHERS HOLDINGS CAPITAL TRUST __

UNDERWRITING AGREEMENT

New York, New York
Dated the date set forth
In Schedule I hereto

To the Representative(s)
named in Schedule I
hereto, of the Underwriters
named in Schedule II hereto

Ladies and Gentlemen:

Lehman Brothers Holdings Capital Trust ____, a Delaware statutory
business trust (the "Trust"), proposes to issue and sell to you and the other
underwriters named in Schedule II hereto (the "Underwriters"), for whom you are
acting as representatives (the "Representatives"), the aggregate liquidation
amount (the "Firm Securities") identified in Schedule I hereto of the Trust's
preferred securities (the "Preferred Securities") guaranteed (the "Guarantee";
together with the Preferred Securities, the "Securities") by the Company (as
defined herein) to the extent set forth in the Guarantee Agreement (the
"Guarantee Agreement") identified in such Schedule I, to be entered into between
the Company and the guarantee trustee (the "Guarantee Trustee") identified
therein. In addition, the Trust proposes to grant to the Underwriters an option
to purchase up to an additional aggregate liquidation amount of the Preferred
Securities identified in Schedule I hereto on the terms and for the purposes set
forth in Section 3 hereof (the "Option Securities"). The Firm Securities and the
Option Securities, if purchased, are hereinafter collectively called "Preferred
Securities". Lehman Brothers Holdings Inc., a Delaware corporation (the
"Company"), will be the owner of all of the beneficial ownership interests
represented by common securities (the "Common Securities") of the Trust.
Concurrently with the issuance of the Securities and the Company's purchase of
all of the Common Securities of the Trust, the Trust will invest the proceeds of
each in the Company's debt securities identified in Schedule I hereto (the
"Debentures"). The Debentures are to be issued under the indenture (the
"Indenture") identified in such Schedule I, between the Company and the
indenture trustee (the "Indenture Trustee") identified therein. If the firm or
firms listed in Schedule II hereto include only the firm or firms listed in
Schedule I hereto, then the terms "Underwriters" and "Representatives" shall
each be deemed to refer to such firm or firms.

1. REPRESENTATIONS AND WARRANTIES. The Company represents and
warrants to each Underwriter that:
--------------------------------------------------------------------------------





http://www.secinfo.com/dVut2.7er4.a.htm

******

The BankAatlantic Bancorp Decision — RoadDblock orR DetTourR tTo Oopen Bbank Ssale of DistrTRessedD Bbanks?
J. MARK FISHER

http://www.schiffhardin.com/File%20Library/Publications%20(File%20Based)/PDF/fisher_jbl_may2012.pdf


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What constitutes “substantially all of the assets” of a single bank holding company?
The plaintiffs successfully interrupted the transaction by enforcing a common “boilerplate” provision that appears in all of Holdco’s TRuPS indentures. The indentures allow acceleration of the TRuPS upon the sale of “substantially all of the assets” of Holdco unless the buyer assumes the indenture. Under established New York law, which each underwriter provided was to govern, the court applied both a “quantitative” and a “qualitative” test of what constitutes “substantially all of the assets.” Even if the seller retains assets making up most of its book value, the sale of the crown jewels of a company can trigger the qualitative test by fundamentally changing the nature or character of the seller’s business.
The court held that the transaction met both tests. The transaction satisfied the qualitative test because Holdco sold its sole banking subsidiary, which generated the dominant share of revenues, provided all of Holdco’s liquidity and cash flow and employed almost all of the employees of the
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April 2, 2012
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GUARANTEE AGREEMENT


This GUARANTEE AGREEMENT (the "Guarantee"), dated as of March 17, 2003, is executed and delivered by Lehman Brothers Holdings Inc., a Delaware corporation (the "Guarantor"), and JPMorgan Chase Bank, as trustee (the "Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Securities (as defined herein) of Lehman Brothers Holdings Capital Trust III, a Delaware statutory trust (the "Trust").


http://www.sec.gov/Archives/edgar/data/806085/000104746903008869/a2105775zex-4_05.htm