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Re: lifegear post# 3258

Sunday, 11/02/2008 1:39:31 PM

Sunday, November 02, 2008 1:39:31 PM

Post# of 10201
Yes, the LaSalle drop-deadline allowed LaSalle to close the LaSalle books, the Trenwick Group Ltd drop-deadline will allow Trenwick Group Ltd to close their books...

LaSalle proposed a Scheme of Arrangement under Section 99 of the Bermuda Companies Act 1981 (the "Scheme") with its reinsurance creditors and the Scheme was subsequently approved by LaSalle's creditors and sanctioned by the Court on April 27, 2007. Under the terms of the Scheme, Scheme Creditors were required to submit all reinsurance claims against LaSalle by August 30, 2007. In January this year, LaSalle paid its final remaining reinsurance liabilities under the Scheme and the Scheme was terminated on January 22, 2008.

Link - http://biz.yahoo.com/e/080708/lsraf.pk8-k.html

We may want to see if EVA has a copy of the Bermuda Court documents to see the Trenwick Group claims deadline.

Dollar Danger, Will Robinson! Dollar Danger!


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