Replies to post #109252 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Successors: The Framework Agreement shall provide that:

Justice Mr. Robert HilDyard, in London, transcripts' made me see the light at the end of the tunnel concerning Lehman's Global Bankruptcy. Finality... I took a graduate level accounting class back in 1982. The instructor was a CPA who specialized in oil and gas accounting in Houston, Texas. He would always tell his class, "if it is to complicated to understand, leave it alone. Do not invest a lot of money into it." Lehman's Bankruptcy started out real simple with very cheap shares. But now, WOW...😇

suc·ces·sor
/s?k'ses?r/
noun
a person or thing that succeeds another.
"Schoenberg saw himself as a natural successor to the German romantic school"
Similar:
heir
heir apparent
inheritor

[stoxjock]

Hi Cotton, Thanks for your comments on the Framework Agreement timeline. An insightful observation that for whatever reason that December 15th 2024 date was put out as till the time when they would not dispose of their Sub-Debt holdings...

Regardless of that, what is stopping LBHI from distributing the "Interim Distribution" that the Judgement awarded to LBHI to its 'subordinated Debt holders' because LBHI's lawyers specifically stated to the Court and the other parties to the Litigation, that there were 'contractual obligations' towards 'its Subordinate Debt-holders' in order to enter into this Settlement Agreement clearing the way for the ECAPS to receive their Share of the "Interim Distribution"? TIA & GLTU!

[Jimzin]

Appears to be very big news Cotton! Keep digging brother…you’re on the scent trail …git’em Blue!