Replies to post #48968 on Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

>>When will our claims be heard by the courts
Claims 22122,22123.etc <<

They were, and approved in full. They are class 10B claims.

(1) Are the holders of the following securities (the “Trust Preferred Securities”) likely to receive

any recoveries?

Ticker Cusip Number Issuer/Trust
LEHKQ 52519Y209 Lehman Brothers Holdings Capital Trust III
LEHLQ 52520B206 Lehman Brothers Holdings Capital Trust IV
LHHMQ 52520E200 Lehman Brothers Holdings Capital Trust V
LEHNQ 52520X208 Lehman Brothers Holdings Capital Trust VI

Response: The Trust Preferred Securities were issued by the non-Debtor entities identified above (the “Trusts”). Based on relevant prospectuses, the sole assets of the Trusts were certain
subordinated debt securities (the “Subordinated Securities”) issued by Lehman Brothers Holdings Inc. (“LBHI”). Under the Plan, claims against LBHI on account of the Subordinated Securities have been classified in LBHI Class 10B. Based on the 2013+ Cash Flow Estimates filed on July 23, 2013 [ECF No. 38954], it is unlikely that the Trusts will receive any Distributions from LBHI on account of their class 10B claims. LBHI is not aware of any other assets currently owned or
expected to be realized by the Trusts.

From the confirmation order;

QQ. Objections. All parties have had a full and fair opportunity to litigate all
issues raised in the objections (excluding any timely filed objections that relate solely to
assumption of any executory contract), or which might have been raised, and the objections(excluding any timely filed objections that relate solely to assumption of any executory contract)
have been fully and fairly litigated.

[cottonisking]

Easy to see JPM filed the claim on their behalf

Please read claim number 66462, page 10 of 109.

,hereby files pursuant to Bankruptcy Rule 3005(a) a proof of claim on behalf of each such creditor...JPMSI and the Affiliate of JPMSI, as applicable, is a codebtor with LBHI. The name of each such creditor is not currently known.

You can find the answers to most of your questions in my previous posts.

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BACKGROUND AND SUMMARY
Under section 501(b) of the Bankruptcy Code and Rule 3005 of the Federal
Rules of Bankruptcy Procedure, a co-debtor to a creditor may file a claim in the name of
such creditor where such creditor fails to timely file a proof of claim (“POC”) for a claim
on which such co-debtor may be co-liable with the debtor. In the Dow Corning
bankruptcy case certain entities (the “Co-Debtors”) that could be co-liable with Dow
Corning on claims relating to breast implants, other implant products, or products
containing raw materials manufactured or sold by Dow Corning filed claims pursuant
to Bankruptcy Rule 3005 (“Rule 3005 Claims”) on behalf of individuals who could have
filed implant-related POCs against Dow Corning.
Some of the Rule 3005 Claims named specific individuals on whose behalf the
Co-Debtor was filing – typically individuals who had sued both DCC and the Co-
Debtor in an implant-related lawsuit. Some of the Rule 3005 Claims did not name

http://www.tortcomm.org/downloads/Memo_in_Support_of_Amended_Renewed_Motion.pdf