August 2020 [LBHI was/is a global company. The CTs were sold to fund LBHI's global business functions and activities. The CTs' Trust(s) used their cash proceeds, from selling the CTs to the global and general public, to purchase junior subordinated notes from LBHI. In turn, LBHI used the cash to fund its global subsidiaries. LBHI's global subsidiaries are beneficiaries of the CTs' cash capital funding. Construction of the CTs' guarantee documents are intended to make all of LBHI's subsidiaries obligated to pay the CTs' funding back to the CTs' holders after a particular subsidiary has paid its existing liabilities in full. LBHI's subsidiaries generate the cash for LBHI! LBIE has reached this state! As you read the CTs' guarantees, you will see the above language spelled out in detail. This is why the CTs' guarantee make the CTs' parity with the LP 1,2,3 ECAPS' guarantees in the UK and LBIE's preference A and B shares in the UK.] verification in progress Pass 41 Status Code: P
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"379. I will require further assistance from the parties in determining the precise formulation
of the order setting out the consequences of, and consequential matters arising out of, this
Judgment. A further hearing at which this order can be made will be arranged.
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Do not look for the power structure, in this bankruptcy, to give you one thin dime! Lehman Brothers was hijacked from day one to create this cash party!
Note: The ECAPS are our kin. The ECAPS have caught fire from LBHI as well! Just read the dockets to verify my points! LBIE's Class A and B preference shares are our kin.
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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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"Neutral Citation [2020] EWHC 1681 (Ch)
Claim Nos: CR-2009-000052
CR-2008-000026
IN THE HIGH COURT OF JUSTICE
BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
COMPANIES COURT (ChD)
Royal Courts of Justice
Rolls Building
7 Rolls Buildings
Fetter Lane
London EC4A 1NL
Date: 3 July 2020
Before:
THE HONOURABLE MR JUSTICE MARCUS SMITH
- - - - - - - - - - - - - - - - - - - - -
IN THE MATTER OF LB HOLDINGS INTERMEDIATE 2 LIMITED (IN
ADMINISTRATION)
AND IN THE MATTER OF LEHMAN BROTHERS HOLDINGS plc (IN
ADMINISTRATION)
AND IN THE MATTER OF THE INSOLVENCY ACT 1986
Claim No CR-2009-000052
BETWEEN:
THE JOINT ADMINISTRATORS OF LB
HOLDINGS INTERMEDIATE 2 LIMITED
(IN ADMINISTRATION)
Applicants
- and -
(1) LEHMAN BROTHERS HOLDINGS
SCOTTISH LP 3
(2) LEHMAN BROTHERS HOLDINGS plc (IN
ADMINISTRATION)
(3) DEUTSCHE BANK AG (LONDON
BRANCH)
Respondents
IN THE MATTER OF LEHMAN BROTHERS HOLDINGS plc (IN ADMINISTRATION)
AND IN THE MATTER OF LEHMAN BROTHERS HOLDINGS plc (IN
ADMINISTRATION)
.
.
.
10 Certain arguments as to priority were not made. Thus, no-one contended that Claim B had priority over Claim
A. This Judgment obviously deals with the arguments that were presented by the parties, but I do not regard myself
as constrained by those arguments. Most of the issues before me involved question of construction of documents,
and I regard it as my duty to ascertain the correct construction of those documents, even if that construction was
not one that was contended for by the parties. 11 SLP3 and LBHI were represented by the same legal team and their interests are aligned. Although some points
advanced were points that could only be made by SLP3 and some points advanced were points that could only be
made by LBHI, for the sake of simplicity, I shall generally refer to points being made by SLP3 and/or LBHI as
“SLP3/LBHI” points without differentiation between the two.
.
.
.
Approved judgment Lehman Brothers Holdings plc (in administration) and others
Mr Justice Marcus Smith
143
379. I will require further assistance from the parties in determining the precise formulation
of the order setting out the consequences of, and consequential matters arising out of, this
Judgment. A further hearing at which this order can be made will be arranged.
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"
AI
