Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

On October 10, 2023 the UK Judge provides the best clue (relevant to CTs' subordinated liabilities in the Framework Agreement) on the BNYM's role in the Framework Agreement:

16 MR JUSTICE HILDYARD: No, I don’t think so, providing
17 everyone is content that all parties who think they may
18 have an interest in arguing the contrary knew this was
19 the time to come and say so.
20 MR BELTRAMI: My Lord, yes.
21 MR JUSTICE HILDYARD: And very closely related to that is
👉22 that the legal holders I think of the ECAPS notes, who
23 I think are BNY Mellon, are they?
24 MR BELTRAMI: Yes.👈
25 MR JUSTICE HILDYARD: And they -- I hope I don’t slight them1 or misrepresent the position to say that they have been
2 very interested to know that they will not be liable for
3 any costs in respect of it , and that apart from that,
4 they are willing to go along with it , if I can put it
5 that way.
6 MR BELTRAMI: Yes. My Lord, the holder became relevant.
7 Normally the way things work, as your Lordship knows,
8 not irrelevant but not the main event. The holder
9 became relevant because of issues 4 and 5. Issues 4 and
10 5 alleged a trust in relation to monies received --
11 MR JUSTICE HILDYARD: Yes, exactly, and whether you had to
12 turn over.
13 MR BELTRAMI: Exactly, and th

slight
/slit/
adjective
1.
small in degree; inconsiderable.
"a slight increase"
Similar:
small
modest
little
tiny
minute
inappreciable
imperceptible
infinitesimal
hardly worth mentioning
negligible
inconsiderable
insignificant
minimal
marginal
remote
scant
slim
outside
faint
vague
subtle
gentle
minuscule
exiguous
Opposite:
big
considerable
2.
(of a person or their build) not sturdy and strongly built.
"she was slight and delicate-looking"
Similar:
slim
slender
slightly built
petite
diminutive
small
delicate
dainty
small-boned
elfin
thin
skinny
size-zero
spare
puny
undersized
frail
weak
wee
pint-sized
pocket-size
gracile
attenuate
Opposite:
sturdy
burly
muscular
verb
1.
insult (someone) by treating or speaking of them without proper respect or attention.
"he was careful not to slight a guest"
Similar:
insult
snub
rebuff
repulse
spurn
treat disrespectfully
give someone the cold shoulder
cold-shoulder
brush off
turn one's back on
keep at arm's length
disregard
ignore
cut (dead)
neglect
take no notice of
disdain
scorn
give someone the brush-off
freeze out
stiff-arm
knock back
give someone the go-by
misprize
scout
insulting
disparaging
belittling
derogatory
disrespectful
denigratory
uncomplimentary
pejorative
abusive
offensive
defamatory
slanderous
libelous
scurrilous
disdainful
scornful
contemptuous
bitchy
contumelious
Opposite:
respect
welcome
complimentary
2.
ARCHAIC
raze or destroy (a fortification).
"a Council determined whether the Fort should be kept or slighted"
noun
an insult caused by a failure to show someone proper respect or attention.
"an unintended slight can create grudges"
Similar:
insult
affront
slur
disparaging remark
snub
rebuff