Replies to post #99505 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

(b) Manner of Payment or Distribution. All distributions made by the Trustees to Beneficiaries shall be payable to the holders of Interests of record as of the 20th day prior to the date scheduled for the distribution (works for CTs that are still listed on an exchange), unless such day is not a Business Day, in which case such day shall be the following Business Day (the “Record Date”). If the distribution shall be in Cash, the Trustees shall distribute such Cash by wire, check, or such other method as the Trustees deem appropriate under the circumstances.

(c) Delivery of Trust Distributions. All distributions under this Trust Agreement to any Beneficiary shall be made at the address of such Beneficiary as set forth in the register (works for CTs that were cancelled on March 6, 2012)or at such other address as such Beneficiary shall have specified for payment purposes in a written notice to the Trustees at least fifteen (15) days prior to such distribution date. In the event that any distribution to any holder is returned as undeliverable, the Trustees shall use reasonable efforts to determine the current address of such holder, but no distribution to such holder shall be made unless and until the Trustees have determined the then current address of such holder, at which time such distribution shall be made to such holder without interest; provided, however, that such undeliverable or unclaimed distributions shall be deemed unclaimed property at the expiration of one year from the date of distribution. The Trustee shall reallocate all undeliverable and unclaimed distributions for the benefit of all other Beneficiaries.

https://www.sec.gov/Archives/edgar/data/806085/000119312511339839/d267202dex101.htm

[camaro4me]

It's March 2022 now. What's going to happen?

Updated: When LBHI cancelled the CTs on March 6, 2012, the BNYM was required to distribute the CTs' junior subordinated debentures to the CTs holders and liquidate the Trusts. We would be a direct creditor to LBHI today. I owned CTs on March 6, 2012. The CTs holders have not received yearly cash from any of LBHI's reallocated class 10b distributions [I think that LBHI's Plan view the CTs' cancelled from March 6, 2012 to 2022
LBHI and the BNYM reinstated the CTs, in March of 2012 without their Guarantees' Rights. Suckers...and never told the CTs holders that we would receive our junior subordinated debentures in the future. If so, why are the CTs' prices sub-penny? Is it because the cancelled March 6, 2012 CTs are still in LBHI's claims registry waiting for a distribution?

The fourteen years legal plan guessing game for LBHI's class 10b claims.

Here is the proof:

https://www.jpmorganchase.com/ir/news/2017/jpmc-liquidate-111617