Replies to post #67567 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

08-13555-scc Doc 52752 Filed 05/11/16 Entered 05/11/16 17:41:54

"NOTICE OF PRESENTMENT OF MOTION OF PLAN ADMINISTRATOR FOR
AN ORDER IN AID OF EXECUTION OF THE MODIFIED THIRD AMENDED
JOINT CHAPTER 11 PLAN OF LEHMAN BROTHERS HOLDINGS INC.
AND ITS AFFILIATED DEBTORS
PLEASE TAKE NOTICE that Lehman Brothers Holdings Inc. (the “Plan
Administrator”), as Plan Administrator under the Modified Third Amended Joint Chapter 11
Plan of Lehman Brothers Holdings Inc. and its Affiliated Debtors, will present the annexed
Motion of Plan Administrator for an Order in Aid of Execution of the Modified Third Amended
Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and its Affiliated Debtors (the
“Motion”) and proposed order (the “Proposed Order”) to the Honorable Shelley C. Chapman,
United States Bankruptcy Judge, for signature on May 25, 2016 at 10:00 a.m. (Prevailing
Eastern Time)."


*** Case No. 11-CV-6760 (RJS) ***

"IT IS HEREBY STIPULATED AND AGREED by and between the parties and their
respective counsel that, pursuant to Rule 41(a) of the Federal Rules of Civil Procedure, this
action is dismissed in its entirety with prejudice (including all claims and counterclaims), with
each side to bear its own fees and costs.
Dated: May 18, 2016
New York, New York"

*** 23.1(c) ***

(c) Settlement, Dismissal, and Compromise. A derivative action may be settled, voluntarily dismissed, or compromised only with the court’s approval. Notice of a proposed settlement, voluntary dismissal, or compromise must be given to shareholders or members in the manner that the court orders.


****

Rule 41 – Dismissal of Actions
(a) Voluntary Dismissal.
(1) By the Plaintiff.
(A) Without a Court Order. Subject to Rules 23(e), 23.1(c), 23.2, and 66 and any applicable federal statute, the plaintiff may dismiss an action without a court order by filing:
(i) a notice of dismissal before the opposing party serves either an answer or a motion for summary judgment; or
(ii) a stipulation of dismissal signed by all parties who have appeared.
(B) Effect. Unless the notice or stipulation states otherwise, the dismissal is without prejudice. But if the plaintiff previously dismissed any federal- or state-court action based on or including the same claim, a notice of dismissal operates as an adjudication on the merits.
(2) By Court Order; Effect. Except as provided in Rule 41(a)(1), an action may be dismissed at the plaintiff’s request only by court order, on terms that the court considers proper. If a defendant has pleaded a counterclaim before being served with the plaintiff’s motion to dismiss, the action may be dismissed over the defendant’s objection only if the counterclaim can remain pending for independent adjudication. Unless the order states otherwise, a dismissal under this paragraph (2) is without prejudice.
(b) Involuntary Dismissal; Effect. If the plaintiff fails to prosecute or to comply with these rules or a court order, a defendant may move to dismiss the action or any claim against it. Unless the dismissal order states otherwise, a dismissal under this subdivision (b) and any dismissal not under this rule—except one for lack of jurisdiction, improper venue, or failure to join a party under Rule 19—operates as an adjudication on the merits.
(c) Dismissing a Counterclaim, Crossclaim, or Third-Party Claim. This rule applies to a dismissal of any counterclaim, crossclaim, or third-party claim. A claimant’s voluntary dismissal under Rule 41(a)(1)(A)(i) must be made:
(1) before a responsive pleading is served; or
(2) if there is no responsive pleading, before evidence is introduced at a hearing or trial.
(d) Costs of a Previously Dismissed Action. If a plaintiff who previously dismissed an action in any court files an action based on or including the same claim against the same defendant, the court:
(1) may order the plaintiff to pay all or part of the costs of that previous action; and
(2) may stay the proceedings until the plaintiff has complied.

https://www.federalrulesofcivilprocedure.org/frcp/title-vi-trials/rule-41-dismissal-of-actions/



****

Rule 23.1 – Derivative Actions
(a) Prerequisites. This rule applies when one or more shareholders or members of a corporation or an unincorporated association bring a derivative action to enforce a right that the corporation or association may properly assert but has failed to enforce. The derivative action may not be maintained if it appears that the plaintiff does not fairly and adequately represent the interests of shareholders or members who are similarly situated in enforcing the right of the corporation or association.
(b) Pleading Requirements. The complaint must be verified and must:
(1) allege that the plaintiff was a shareholder or member at the time of the transaction complained of, or that the plaintiff’s share or membership later devolved on it by operation of law;
(2) allege that the action is not a collusive one to confer jurisdiction that the court would otherwise lack; and
(3) state with particularity:
(A) any effort by the plaintiff to obtain the desired action from the directors or comparable authority and, if necessary, from the shareholders or members; and
(B) the reasons for not obtaining the action or not making the effort.
(c) Settlement, Dismissal, and Compromise. A derivative action may be settled, voluntarily dismissed, or compromised only with the court’s approval. Notice of a proposed settlement, voluntary dismissal, or compromise must be given to shareholders or members in the manner that the court orders.

[stocksnoway]

everything is getting 'hushed up' for whatever reason...

Not sure of your definition of hushed up but mine isn't the same as yours!

You get qtrly updates.. Balance sheets.. These are spot on by the way!

The debtor,creditors, the judge, several here have told you it's a creditors only BK never mentioning equity at all
But don't listen to me read the last Balance sheet and ask yourself if I had 26 billion in assets and 190 billion in liabilities and my assets are being liquidated where does 165 billion come from?



Take your money get into oil or banks (before interest rates sky rocket) set back and eat lobster vs staying here eating happy meals and drinking from a dry wishing well!


Lol

That's all folks!

[JERSEYHAWG]

stox, I wish I could help you out. I am more confused then ever. Frustrated on this end to.