Lehman Brothers Financial SA (LEHNQ)

[dhyan40]

Very strong rebuttal of Rex Wu Dan Ianello appeal by LBHI. Our chances look very bleak with Judge Engelmayer -- waiting to see Rex Wu and Dan Ianello reply by 10/30/2019.


https://www.pacermonitor.com/case/29015256/In_Re_Lehman_Brothers_Holdings,_Inc

Argument ................................................................................................. 10
A. Appellant Lacks Standing to Appeal ............................................. 10
B. The Bankruptcy Court Applied Factors Consistent with the Established Second Circuit Test for Evaulating Late Claims and Properly Exercised Its Discretion ........................................... 12
1. Standard of Review ............................................................... 12
2. Mr. Wu’s Claims Were Subject to the Confirmation Order Bar Date ...................................................................... 14
3. Mr. Wu Failed to Satisfy His Burden to File a Late Claim ..................................................................................... 14
a. Failure To Timely File Claims Was Within Mr. Wu’s Control ................................................................. 16
b. Allowing Mr. Wu to File a Late Claim Would Prejudice LBHI, All Other Creditors of LBHI, and the Administration of the Chapter 11 Cases ............... 17
c. Mr. Wu’s Claim Would Not Recover from LBHI ......... 20