Lehman Brothers Financial SA (LEHNQ)

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F R A U D. FRAUD is an entirely new ballgame. The penalty for FRAUD is outreaching. Our Subordinated Guarantees were expunged fraudulently as per the Ws.

Did you read their motions? They laid out a very good case with Fraud and the SCOTUS executaory contract ruling.

The current Plan Admin don't even want to respond to the actions of the former Plan Admin. The guy is not going to put his career on the line to defend fraud. LBHI did not even respond to Waske's motion. And certainly Abrams will not grant a 2nd "do not have to respond" on a 2nd fraud charge. The allegations are real and serious. Abrams will now rule with a forfeited response by the Plan Admin on both motions.

Cottonisking said its been 2 months on Waske's Motion and 8 months on Wus. Its time they give Abrams a legal nudge as per the post cottonisking posted. I believe 60 days is coming up.

Where is the money going to come from? This is fraud so

1. Remaining LBHI assets
2. Clawbacks
3. Weil's fee or pocketbook
4. The former Plan Admin himself on his Estate
5. Other methods I missed.

What can happen to LBHI?

1. Void BK
2. Disallow discharge

The 4Ws proved the most difficult part in a fraud charge. That is intent. They are able to present evidence of intent. They got material misstatement. They got it all.