July 2020 "I received an email response from LBIE, the surplus funds will be allowed to flow to LBHI2 (LBIE's sole shareholder). LBIE will post the order on its website! This is good news for the LBHI Plan Trust and CTs (My two cents added: Let the cash flow until it hits our broker accounts. [This may be the quickest way to get paid this year.])" verification in progress Pass 35 Status Code: P
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Highlight of the CTs subsidiaries' ranking of bankruptcy claims:
"then Lehman Brothers Holdings will not, and will not permit any subsidiary to:
•
make any payment of principal, interest or premium, if any, on or repay, repurchase or redeem any debt securities of Lehman Brothers Holdings that rank on a parity with or junior in interest to the junior subordinated debt securities or make any guarantee payments with respect to any guarantee by Lehman Brothers Holdings of the debt securities of any subsidiary of Lehman Brothers Holdings if such guarantee ranks on a parity with or junior in interest to such junior subordinated debt securities, other than"
Note: The above language is proof that the CTs rank ahead of any of LBHI subsidiaries' equity in bankruptcy or liquidation and the Cts can block the ECAPS guaranteed debt securities' payments.
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Status Codes:
P = Pennies
D = Dollars
F = Fraud dollars+
" ver·i·fi·ca·tion
/?ver?f?'kaSH(?)n/
noun
the process of establishing the truth, accuracy, or validity of something."
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"Judicial economy refers to efficiency in the operation of the courts and the judicial system. It is the efficient management of litigation so as to minimize duplication of effort. ... For example, a court may consolidate two cases for trial to save the court and parties from having two trials"
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