Replies to post #84318 on Lehman Brothers Financial SA (LEHNQ)

[camaro4me]

This is about the 18th distribution, not the CTs.

RECORDING DATE (Official date) IS ON JUNE 17, 2019..... MOTION IS GRANTED!!

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Recording date of the distribution was moved in advance behind the Date of G20 summit in June 28.

why such an effort to make this motion in court??

FASTEN YOUR SEATBELT !!!

[toogoodfella]

FASTEN YOUR SEAT BELTS!

AFTER DUE DELIBERATION AND SUFFICIENT CAUSE APPEARING THEREFOR, IT IS HEREBY ORDERED THAT:

1. The Motion is granted.
2. Notwithstanding anything to the contrary in the Plan or a prior order of the Court:

(A) the Plan Administrator is authorized, but not directed, to schedule the eighteenth Distribution Date on or about July 18, 2019; and

(B) for the purposes of any such eighteenth Distribution Date, the Plan Administrator shall not be required to recognize any Claim transfer occurring during the period commencing after “June 17, 2019”, and any such Claim transfers shall, for Distribution purposes only, be deemed to have occurred immediately after such Distribution Date.

3. This Court shall retain jurisdiction to hear and determine all matters arising from or related to this Order.
Dated: _____________, 2019 New York, New York
WEIL:\97047443\4\58399.0011
UNITED STATES BANKRUPTCY JUDGE

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My speculation:

They moved the Distribution date to July 18, which is 75 days ahead of regular schedule. They cannot make it even earlier because the fund for the distribution is not available until June 28, which is the date for the G20 summit. So they file motion for a recording date of June 17.

I think they are in a hurry to close POR in timing after the G20 summit.

FASTEN YOUR SEAT BELTS FOLKS