Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Continue into January 2021, play it again Sam or Argus:

1) This settlement was in the works last month.

https://huecri.wordpress.com/2021/01/05/euribor-decreased-inclination-to-lend-overnight-index-swap-rate-is-banks-willingness-to-lend-to-each-other/



"JPMorgan Chase disclosed January 5 2021 that it reached a final settlement agreement with Lehman Brothers, ending the failed investment bank’s lawsuit over claims that JPMorgan illegally siphoned billions of dollars from Lehman before its collapse.


JPMorgan Chase’s final settlement payout checks in at well above $2 billion.


According to a filing with the Securities and Exchange Commission, JPMorgan Chase will pay an additional $797.5 million to Lehman Brothers to settle all remaining “lawsuits, claims, objections and other disputes” brought by Lehman Brothers after its collapse.


The settlement ends Lehman Brothers claims against JPMorgan Chase."

2) Back in the days of Judge Peck (2013), the Automatic Stay was scheduled to end, however, it did not end. LBHI wrote an agreement that their Automatic Stay would end when LBHI settle all of their claims with JPMCB.

"The settlement ends Lehman Brothers claims against JPMorgan Chase."

Did JPMCB and LBHI discuss our CTs in this recent settlement agreement? We certainly hit the dockets hard with our CTs this past year! I know that JPMCB's legal team read LBHI's dockets.


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cottonisking Monday, 12/21/20 12:01:10 PM
Re: cottonisking post# 91639 0
Post # of 91737

Continue, "JPMorgan Chase to Launch $30 Billion Share Repurchase Program 12/18/2020"

https://www.cnbc.com/2020/12/18/fed-to-allow-big-banks-to-resume-share-buybacks-with-limitations.html

1) JPMCB was LBHI's banker in 2008.

2) JPMCB had total control over LBHI. Show me proof? JPMCB took LBHI's last $8.6 billion in cash prior to LBHI filing Chapter 11 Bankruptcy. LBHI did not have enough cash to keep LBIE in business (short $4B) after JPMCB took the $8.6 billion from LBHI. This event is proof that LBHI is/was an affiliate of JPMCB by way of CONTROL.

3) The story gets better. JPMCB was holding a large amount of LBHI's debt, including a few of our CTs.

4) Therefore, JPMCB had LBHI, via CONTROL, Guarantee LBHI's debt in August and September of 2008 with a Guaranties and Security Agreement in favor of JPMCB's Subsidiaries and Affiliates. This is not a General Guarantee (need to know before purchase). This is a Specific Guarantee (no need to know before purchase).

5) Here is the kicker, our CTs are parity with any Preferred Securities Guarantee that LBHI enters into in respect to any Preferred Securities of any affiliate of LBHI and this applies to the CTs that are/were held by JPMCB in 2008.

6) Here is the funny part. I am not worth one thin dime and I live in a town named Dime Box, Texas and I had nine total students (less than ten students) in my High School Senior Class. If I can see this deal from down South, 'the kids' in New York is on top of this one. Now back to business, My info is in the designation of records for the Rex Wu and Joseph Waske cases for our CTs. Will New York take action on the data about JPMCB's guaranteed CTs and our CTs' parity clause? I would love to have a hand full of some of JPMCB's repurchased shares. I would love for Barclays/LBHI to buy back our CTs too.