Replies to post #93986 on Lehman Brothers Financial SA (LEHNQ)

[Docsavag]

Let me put one out there as a possibility...there is final settlement in the wind, and thanks to COVID there aren't as many ambulances in the streets to chase nowadays. So, the sharks smell blood, and they're circling to go after 30% here and there.

[highwaymap]

Lol. Maybe LBHI is trying to get the CT holders off their backs and direct them to sue the trustee bnym instead.

Didn't cottonisking say they hinted to waske to sue Barclays?

Can you imagine what this class action will look like if www wins any of their lawsuits? Wossilek is sitting on a summary judgement. It is taking forever for Judge Chapman to rule on that. I like the objection by the plan administrator. Even though its invalid, its a funny rant. Lol

[Argus63]

Are you joining blue? Seems odd to me that whoever they are....ask for our personal info without a law firm or providing theirs? Who is doing this and do we kmow its legit???

GLTA

[The Law (f/k/a emz)]

Hey Blue- Got your PM- This is nowhere near my area of expertise, but having lived through the Lehman Heydays and Collapse, I do have some educational interest here and reached out to the head of my Bankruptcy group. His take (without in any way looking onto the "merits" of the Claim) is that the Class- Action is an action for "monetary damages" plain and simple- has nothing to do with Bankruptcy status or any attempt to exit/emerge from it. In plain English, some Lawyer is saying that BNYM's failure/breach of fiduciary duty in its role as Trustee/with respect to securing the annual Certificate has "cost shareholders a shitload of money"- whether this is true or not is anyone's guess, but if so, the ultimate beneficiaries of any Monetary Award/damages would be, in theory, the Shareholders affected/that join in the Class Action. BIG CAVEAT- IN MOST CLASS ACTIONS, THE LAWYERS AND LEAD PLAINTIFFS GET THE LION'S SHARE, WITH THE BLANCE SPREAD WIDELY OVER THE REST OF THE CLASS (LIKE THE FREE BURGER AND SHAKE COUPONS FOR US PEONS FROM MCDONALDS YEARS AGO IN SETTLEMENT OF A CLASS ACTION OVER THE MOMOPOLY GAME WHILST THE LAWYERS GOT MILLIONS, LOL).

PEACE AND HAPPY HUNTING AND TRADING AS ALWAYS!