Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Docket 54788: LBHI's and JPMCB's Settlement Agreement Order

Boss, I agree, the sooner we shut down LBI all the better for JPMCB and our cash money!

It is good to see that LBI is on Judge Chapman's calendar this month!

Boss, I still want to know why LBHI's main office moved into the JPMCB's office building located at 277 Park Avenue New York, New York six months after this order was signed, docket 54788?

Boss, LBHI's London office 25 Park was purchased by JPMCB in 2010. Boss, you made the best decision, because JPMCB is loaded with cash.

One more thing boss, Judge Chapman told me in our June 19, 2019 hearing that this bankruptcy is a reorganization and it will end very soon!

*****

"08-13555-scc Doc 54788 Filed 02/16/17 Entered 02/16/17 10:09:43 Main Document

and each Lehman Party and the Committee and each of
its members (in each case solely in their capacities as such) having confirmed and represented
that it is not aware of any actual or potential Action (as defined in the Settlement Agreement)
held by any of the Lehman Parties or any other subsidiaries of LBHI (other than LBI) against
any JPMorgan Entity (as defined in the Settlement Agreement) that would not be released by the
Settlement Agreement above;"

***** Docket: 54788

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
-------------------------------------------------------------------------------- X
In re: : Chapter 11
: Case No. 08-13555 (SCC)
LEHMAN BROTHERS HOLDINGS INC., et al., :
:
Debtors. :
-------------------------------------------------------------------------------- X
In re: : SIPA
: Case No. 08-01420 (SCC)
LEHMAN BROTHERS INC., :
:
Debtor. :
-------------------------------------------------------------------------------- X
ORDER GRANTING MOTION OF LEHMAN BROTHERS HOLDINGS INC. AND
OFFICIAL COMMITTEE OF UNSECURED CREDITORS, PURSUANT TO FED. R.
BANKR. P. 9019 AND 11 U.S.C. § 105(A), FOR ENTRY OF ORDER APPROVING
SETTLEMENT WITH JPMORGAN CHASE BANK, N.A. AND CERTAIN OF ITS
AFFILIATES
Upon the motion, dated February 1, 2017 (the “Motion”),1 of Lehman Brothers
Holdings Inc. (“LBHI” and the “Plan Administrator”), as Plan Administrator under the Modified
Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated
Debtors [ECF No. 23023-1], on behalf of itself, Lehman Brothers Special Financing Inc.
(“LBSF”), Lehman Brothers Derivative Products Inc. (“LBDP”), Lehman Brothers Commercial
Paper Inc. (“LCPI”), Lehman Brothers OTC Derivatives Inc. (“LBOD”), Lehman Brothers
Financial Products Inc. (“LBFP”), and Lehman Brothers Commodity Services Inc. (“LBCS,”
and, with LBHI, LBSF, LBDP, LCPI, LBOD, and LBFP, the “Lehman Parties”), together with
the Official Committee of Unsecured Creditors, through its Litigation Subcommittee (the
“Committee” and, together with LBHI, the “Movants”), pursuant to Rule 9019 of the Federal
1 Capitalized terms that are used but not defined in this Order have the meanings ascribed to them in the
Motion.
08-13555-scc Doc 54788 Filed 02/16/17 Entered 02/16/17 10:09:43 Main Document
Pg 1 of 6
6
Rules of Bankruptcy Procedure (the “Bankruptcy Rules”) and section 105(a) of title 11 of the
United States Code (the “Bankruptcy Code”) for approval of a Settlement Agreement (defined
below) among the Plan Administrator, on behalf of the Lehman Parties, and JPMorgan Chase
Bank, N.A. (“JPMCB”) and the other JPMorgan Parties, all as more fully described in the
Motion, and the relief requested therein in accordance with 28 U.S.C. §§ 157 and 1334 and the
Standing Order M-61 Referring to Bankruptcy Judges for the Southern District of New York
Any and All Proceedings Under Title 11, dated July 10, 1984 (Ward, Acting C.J.); and
consideration of the Motion and the relief requested therein being a core proceeding pursuant to
28 U.S.C. § 157(b); and venue being proper before this Court pursuant to 28 U.S.C. §§ 1408 and
1409; and due and proper notice of the Motion having been provided in accordance with the
procedures set forth in the amended orders entered February 13, 2009 governing case
management and administrative procedures [ECF No. 2837] and July 18, 2012 governing
settlement of claims [ECF No. 29505]; and each Lehman Party and the Committee and each of
its members (in each case solely in their capacities as such) having confirmed and represented
that it is not aware of any actual or potential Action (as defined in the Settlement Agreement)
held by any of the Lehman Parties or any other subsidiaries of LBHI (other than LBI) against
any JPMorgan Entity (as defined in the Settlement Agreement) that would not be released by the
Settlement Agreement above; and the Court having found and determined that the relief sought
in the Motion is in the best interests of the Lehman Parties, their estates and creditors, and all
parties in interest and that the legal and factual bases set forth in the Motion establish just cause
for the relief granted herein; and after due deliberation and sufficient cause appearing therefor, it
is
ORDERED that the Motion is granted; and it is further
08-13555-scc Doc 54788 Filed 02/16/17 Entered 02/16/17 10:09:43 Main Document
.
.
."