Tuesday, July 20, 2021 6:45:52 PM
They are looking for shareholders who are interested in joining a class action lawsuit against the BNYM, as Trustee, for breaching their fiduciary duty to require Lehman Brothers Holdings Inc. to file the subordinated guarantee certificates annually. It is the responsibility of the Trustee each year to make sure the certificates are filed.
Quote:
Lehman Brothers Holdings, as guarantor, will be required to file annually with the guarantee trustee a certificate as to whether or not Lehman Brothers Holdings is in compliance with all the conditions and covenants applicable to it under the guarantee.
The failure to file the certificates allowed LBHI to ignore their obligations under the subordinated guarantee resulting in a combined loss to shareholders up to $1.2 billion dollars.
If you are a shareholder and you feel that you are harmed by the BNYM, as the trustee, for their failure to require the filings of the certificates, include the following information in an email and send it to
lbhict34566investorsunited@gmail.com
Information to be included on the email
Name
Address
Contact number
Number of shares
Date Acquired
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM