Lehman Brothers Financial SA (LEHNQ)

[real777mellon]

Looks like we got the appeal filed by LBIE's lawyer Andrew Rossman of the #1 ranked/most feared firm Quinn Emmanuel from 4/15/2024:

" NOTICE OF MOTION W/SUPPORTING DOCUMENTS INCLUDING EXHIBIT(S) (Motion #1919) *Corrected*[
Notice of Motion for Leave to Reargue or Appeal w/ Supporting Documents Including Exhibit(s)"

(total size of the PDF filed 4/15/24 is a whopping 82 pages - there's 26 new pages for the appeal proposed to be heard May 6, 2024 or for the review of the Appellate Court to rule in favor of the plaintiff. Appears these 26 pages are the supporting documents and the exhibits are the first two court rulings from 3/14/24 and 6/30/23 (NYC Supreme Court's first decision in favor of AGFP after 12 years of that case in court!)
.
Interesting to note, Quinn Emmanuel- despite being the most feared law firm by lawyers on the other side of the case for 5 years straight and basically being the best you could ask to represent us ("LBIE") has added another law firm and 2 more lawyers from DORF NELSON & ZAUDERER LLP on this motion to appeal. Whatever the case I sure do love the way Quinn Emmanuel is not giving up on LBIE's case as Lehman has a right to be paid the $$$ owed under the ISDA 1992 swap agreement contract rules having paid all premiums to AGFP and never being paid out for their CDS position when shit hit the fan in 2008/09. This is a good thing. Common sense has to prevail eventually with AGFP's non ISDA 1992 swap agreement compliant "alternative valuation" for Lehman's CDS' payout... One would think. Which is why Quinn Emmanuel and the lead lawyer Andrew Rossman who filed this motion on 4/15/24 would be going so relentlessly at getting this win. Seems necessary to come out of the CH 11 regardless since it's a good 500-7 Billion in possible fudging of CDS payouts Lehman was actually owed that never came while AGFP as a subsidiary of Assured Guaranty Ltd both continue their businesses to this day.

SRC: https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=0uV5biQmdfK3n7Dyhow9zg==
Entire Appellate Court documentation: https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=nBhmPgrlziYnQ3JvgTtW2A==&display=all

Looks like the 12 April 2024 31st progress report on both LBIE (and mentioned in LBH PLC's 31st progress report on the same date) was correct that the decision in favor of AGFP being upheld on 3/14/24 by the Court of Appeals - First Division in NYC would have a motion to appeal filed by Rossman and Quinn Emmanuel on behalf of LBIE in an attempt to win this case. Good to see so fast:

From 12 April 2024 PwC UK 31st report on (LBIE) for 15 Sep 23 to 15 Mar 23:
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