Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Soon!

Redressability is a legal requirement for standing, establishing that a court can likely remedy a plaintiff's injury through a favorable decision. It requires a showing that requested relief—such as damages or an injunction—will genuinely alleviate the harm, rather than being speculative.Key aspects of redressability include:Likelihood of Relief: It must be more than merely speculative that the court's action will resolve the injury.Connection to Standing: Along with "injury in fact" and "causation," redressability is one of the three core elements required for a plaintiff to bring a case in federal court.Nature of Relief: The remedy does not need to completely eliminate all harm but must materially improve the plaintiff's situation.Case Dismissal: If a court cannot offer a remedy for an injury, the case may be dismissed for lack of standing.For example, in a personal injury case, the court can redress a plaintiff's injuries by ordering the defendant to pay compensation for medical expenses.


https://www.law.cornell.edu/constitution-conan/article-3/section-2/clause-1/redressability

25 THE COURT: Okay. Go ahead, Mr. Gregory. The SEC
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1 has ruled whereby if you purchase these securities, you own
2 them as though you own them from day one, and you have
3 standing. Well, it should be considered fraud for these
4 securities to still trade if the prospectus cannot be
5 honored --
6 THE COURT: Well, Mr. Gregory --
7 MR. GREGORY: -- according to the parity rules --
8 THE COURT: I'm not going to --
9 MR. GREGORY: Go ahead.
10 THE COURT: Mr. Gregory, I'm going to engage you
11 in a detailed discussion of what the SEC has or has not
12 said. I will tell you that as far as I'm aware people trade
13 in all sorts of securities that range from worthless to
14 entirely worthless to worth a few pennies to let's see who
15 you sell it to for another penny.
16 This is a bankruptcy case that was conducted
17 pursuant to the rules of this Court, Federal Rules of Civil
18 Procedure as adopted and incorporated into the bankruptcy
19 rules according to the Bankruptcy Code under the glare and
20 spotlight for years and years and years.
21 It resulted in a plan of reorganization. The plan
22 of reorganization contemplated a bar date and an orderly
23 process for the consideration of claims. That's what has
24 occurred here.
25 In fact, this case is coming to its conclusion.
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08-13555-scc Doc 59859-1 Filed 08/02/19 Entered 08/02/19 15:15:59 Exhibit A
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