Replies to post #80914 on Lehman Brothers Financial SA (LEHNQ)

[IronMan123]

The "Plan Trust" is going to be control? They will liquidate assets? This is something new.

[SwissCheeseAccount]

2. Sellers. To date, LBHI have identified approximately 6,200 Sellers involving more than 70,000 mortgage loans against whom there is reasonable cause for LBHI to believe that it holds Indemnification Claims.


LBHI holds contractual claims for indemnification and/or reimbursement against
approximately 6,200 counterparties (the “Sellers”) involving more than 70,000 mortgage loans by
virtue of settlements between (i) LBHI and the Federal National Mortgage Association [Docket
No. 42153], and (ii) LBHI and the Federal Home Loan Mortgage Corporation [Docket No.
42754], this Court’s estimation of certain RMBS Trustees’ allowed claim in LBHI’s bankruptcy
[Docket No. 57785] and the allowance of certain RMBS Trustees’ claims that were settled in the
ordinary course of business (the “Indemnification Claims”). All RMBS Indemnification Claims
will be governed by this Amended ADR Order.

[wayne49]

Nice. I had to look up what " Indemnification Claims" means. ADR is like mediation. Its binding and I believe you can still sue if you do not like the outcome of the ADR. I dont mind the move.

[stoxjock]

"Sellers. To date, LBHI have identified approximately 3,0006,200 Sellers involving
more than 11,00070,000 mortgage loans against whom there is reasonable cause for LBHI to
believe that it holds Indemnification Claims."

NICE!!! Sellers identified have been doubled and their Mortgage Loans gainst which LBHI has Indemnifications Claims increased SEVEN-FOLD, WOW!!!