Replies to post #65758 on Lehman Brothers Financial SA (LEHNQ)

[rlinterests]

When the judge says "no action on these submissions at this time", does not mean he will look at it later.

Yes, it does.

[rlinterests]

[rlinterests]

The lawyers for the creditors committee sum up your letters as no opposition of the settlement.

Why should we oppose? I'm happy as h*ll that the $7.1 billion in collateral money, plus interest over 7 1/2 years, is in JPM hands with no restrictions.

I'm really happy they don't oppose either. The boys at LBHI and the creditors committee got their butt kicked on this one. As they always do when they go up against another financial institution.

And finally, please do not explain how the $7.1, plus interst, that JPM holds, is the property of the Creditors Committee, and, they will decide where it goes.

The CC is out. The POR is out. The balance sheet is out.

As always, JMHO.

[stockanalyze]

joe, that would mean that even lbhi accknowldeges gregory's letters and they are tying them to the motion. that is big, right?

otherwise you could say lots of people write letters and they make to trash. in this case, even lbhi has looked at it as opposing or for the motion. now why would lbhi even bring up gregory's letter if of no significane? and why would they say it supports? i take it as the settlment has payment for ct and that is why it is supporting. otherwie gregory never said anything to support the settlemnet in his letters. do you see it? do you have an anwwer?



"the bankruptcy court did review and ordered the settlement approved on February 11th"

do you know what is in the settlemnet? can you provide us a copy of the settlement?

[LexingtonVIII]

So, the settlement was approved by the court on FEb 11th. Here it is March 5th and still nothing from Sullivan. The lawyers for the creditors committee sum up you letters as no opposition of the settlement. Your letters now mean nothing. Sullivan has no reason to revisit. Give it up, Cotton. You are not going to hear from him on your letters.

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Joe Stocks, why so eager at trying to get cotton to give it up? What is it to you if he makes the effort of fighting and sending letters to the judge? This has got nothing to do with you so why are you so adamant at proving his letters are not going to be addressed by the judge?

He has a stake in here as we all do, except for you. He's fighting for his investment. What are you fighting for?