Replies to post #110722 on Lehman Brothers Financial SA (LEHNQ)

[real777mellon]

I think an educated guess is, could this be finished by now and could the CH 11 be exited by LBHI to pay us? Yes.

But PwC and lawyers love milking their money out of it. It's on every one of their Joint Admin reports.

Another example of what I'm getting at can be found here: https://www.madofftrustee.com/

😄

[cottonisking]

The Appellate Division will reject LBIE's application. Basis: The Appellate Division has a precedent of going along with their lower trial court decisions and facts. This basis was stated in their recent ruling in favor of AGFP. LBHI's personal emails exposed to much bullshit about the 28 derivatives in question...hard to overcome, but this single case is almost bigger than LBHI'S Bankruptcy. 🤑

LBIE
AGFP litigation
On 8 March 2023, Justice Crane issued her decision in favour of AGFP with the Clerk’s office entering judgment on
30 June 2023. LBIE lodged its appeal of that decision on 22 September 2023.
During the Period, LBIE continued to progress its appeal of Judge Crane’s decision. AGFP lodged its final Reply
brief on 15 December 2023. LBIE lodged its final Reply brief on 12 January 2024.
Following an oral hearing on 21 February 2024, the New York Supreme Court, 👉️Appellate Division, First Judicial
Department entered its decision and order on 14 March 2024, affirming Justice Crane’s decision in full.
LBIE intends to submit an application to the 👉️Appellate Division seeking leave to appeal to the Court of Appeals. For
further information please refer to the “AGFP Litigation” section of the LBIE website:
https://www.pwc.co.uk/services/business-restructuring/administrations/lehman/agfp-litigation.html