*****Its soo right .0001
DOC is 54682
Specifically
Hearing Date and Time: February 16, 2017 at 9:30 a.m. (Prevailing Eastern Time)
Objection Date and Time: February 13, 2017 at 4:00 p.m. (Prevailing Eastern Time)
Susheel Kirpalani
Andrew J. Rossman
James C. Tecce
Tyler G. Whitmer
QUINN EMANUEL URQUHART & SULLIVAN, LLP
Counsel to Lehman Brothers Holdings Inc. and the
Official Committee of Unsecured Creditors of Lehman
Brothers Holdings Inc.
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
-------------------------------------------------------------------------------------X
In re: : Chapter 11
: Case No. 08-13555 (SCC)
LEHMAN BROTHERS HOLDINGS INC., et al., :
:
Debtors. :
-------------------------------------------------------------------------------------X
In re: : SIPA
: Case No. 08-01420 (SCC)
LEHMAN BROTHERS INC., :
:
Debtor. :
-------------------------------------------------------------------------------------X
NOTICE OF MOTION OF LEHMAN BROTHERS HOLDINGS INC. AND OFFICIAL
COMMITTEE OF UNSECURED CREDITORS,
PURSUANT TO FED. R. BANKR. P. 9019 AND 11 U.S.C. § 105(A),
FOR ENTRY OF ORDER APPROVING
SETTLEMENT WITH JPMORGAN CHASE BANK, N.A. AND CERTAIN OF ITS
AFFILIATES
The Final??
Word Between JPMC And Lehman Bros Holdings Inc
It's A settlement with a rewrite clauses.
Here's the Juicy Part.
"
I. PRELIMINARY STATEMENT
1. The Settlement finally resolves the last of LBHI’s disputes with JPMorgan, its
largest secured creditor, and enables creditor distributions of nearly $800 million, on the
following terms:
? Cash Payment. JPMCB will pay to LBHI for the benefit of LBHI and its subsidiaries
cash totaling $797.5 million (the “Settlement Payment”).
? Tassimo Action. LBHI will withdraw with prejudice its Objection to Proofs of Claim
No. 66462 Against Lehman Brothers Holdings Inc. and No. 4939 Against Lehman
Brothers Inc. of JPMorgan Chase Bank, N.A. Regarding Triparty Repo-Related
Losses (the “Tassimo Action”) [ECF No. 19604], objecting to portions of Claim No.
66462 (by JPMCB against LBHI) (the “Deficiency Claim”) relating to the purported
deficiency remaining after JPMCB’s application of proceeds from the disposition of
securities held by JPMorgan as collateral against intraday credit extended in
connection with JPMorgan’s role as triparty repo custodian for Lehman Brothers Inc.
(“LBI”).
? Securities Lending Objection. LBHI will withdraw with prejudice its Objection to
Portions of Proofs of Claim No. 66462 Against Lehman Brothers Holdings Inc. and
No. 4939 Against Lehman Brothers Inc. of JPMorgan Chase Bank, N.A. Regarding
Securities Lending (the “Securities Lending Objection”) [ECF No. 47719],
concerning JPMCB’s claims relating to its disposition of collateral held pursuant to
certain LBI securities lending transactions for which JPMCB served as custodian.
? 492nd Omnibus Objection. LBHI will withdraw with prejudice its 492nd Omnibus
Objection to Miscellaneous Claims by Various Subsidiaries of JPMorgan Chase &
Co. Against Various Debtors (Insufficient Documentation Claims (the “492nd
Omnibus Objection”) [ECF No. 47715], objecting to portions of Claims Nos. 66474
(by JPMML against LBHI), 66452 (by JPMSI against LBHI) 66455 (by JPMCB
against LBSF), 66462 (by JPMCB against LBHI), 66465 (by JPMCB against LBDP),
66466 (by JPMCB against LCPI), 66468 (by JPMCB against LBOD), 66469 (by
JPMCB against LBFP), and 66473 (by JPMCB against LBCS), concerning
6 As used herein, the term “JPMorgan Parties” means JPMCB, JPMorgan Markets Limited (f/k/a
Bear Stearns International Limited) (“JPMML”), J.P. Morgan Securities plc (f/k/a J.P. Morgan Securities Ltd.)
(“JPMSL”), and J.P. Morgan Securities LLC (f/k/a J.P. Morgan Securities Inc.) (“JPMSI”). "
Offer and Comprimise. How Nice.
A start...A proposal IMO
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