Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

EFFECTIVE DATE: … SEPTEMBER 28

NO MORE POR
NO MORE PLAN ADMINISTRATOR
NO MORE DEBTORS
NO MORE 26th DISTRIBUTIONS

BIG QUESTIONS;
1. WILL LBHI CONTINUE TO EXIST AS A GOING CONCERN??.. (I think so. If not, forget 2) anf 3)

2. Ct interest be paid immediately?? (I think so)
3. OBS returns to beneficiaries? (I think so)

BIG ANNOUNCEMENT COMING ON;
September 28th or the 29th??

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Excerpt:

ORDERED that the Motion is GRANTED; and it is further

ORDERED that pursuant to section 554(a) of the Bankruptcy Code, Section 6.1(b)(iii) of the Plan, and Paragraph 6 of the Confirmation Order, the Plan Administrator is authorized to abandon the Records commencing fourteen (14) business days following entry of this Order (the “Effective Date”); and it is further

ORDERED that, on the Effective Date, the Records shall no longer constitute property of the Debtors’ estates pursuant to section 541(a) of the Bankruptcy Code and the Plan Administrator and its professionals will have no further responsibility or obligations with respect to the Records, including with respect to subpoenas, document requests, or litigation holds; and it is further

ORDERED that the Plan Administrator shall make payments to maintain the Records until the Effective Date; and it is further

ORDERED that, on the Effective Date, the Plan Administrator shall no longer be required to make further payments related to the Records; and it is further

ORDERED that, commencing on the Effective Date or promptly thereafter, the destruction and termination of any and all of the Records shall be effectuated; and it is further

ORDERED that within five (5) business days of the completion of the destruction of the Records, all third-party service providers shall provide the Plan Administrator certification of such destruction; and it is further

ORDERED that the Plan Administrator is authorized and empowered to take such actions as may be necessary and appropriate to implement the terms of this Order; and it is further

ORDERED that this Court shall retain jurisdiction to hear and determine all matters arising from or related to this Order.

Dated: New York, New York September 14, 2022
/s/ Shelley C. Chapman

HONORABLE SHELLEY C. CHAPMAN UNITED STATES BANKRUPTCY JUDGE