Replies to post #99506 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Tuesday, February 08, 2022
24 1 pgs order Memo Endorsement Tue 02/08 6:21 PM
MEMO ENDORSEMENT on re:23 Letter, filed by Rex Wu. ENDORSEMENT: Appellant is correct regarding the scope of the Court's Order at Dkt. 22. The Memo Endorsement did not address the merits of Wu's motion, or the application of Mission Products Holdings, Inc. v. Tempnology, LLC, 139 S.Ct. 1652 (2019), to this case. It intends to do so shortly. (Signed by Judge Ronnie Abrams on 2/8/2022) (ate)

https://www.pacermonitor.com/public/case/35530408/In_Re_Lehman_Brothers_Holdings_Inc

[camaro4me]

Are you saying that on March 17, 2022 (April 6 - 20 days) CT holders get a distro?

Quote:
(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.