Replies to post #31647 on Lehman Brothers Financial SA (LEHNQ)

[camaro4me]

Yes, and the numbers add up to $1.2B

[camaro4me]

$1.2 billion = total dollar of cts (which we knew but also see in this docket): 48,000,000 cts = face of $25 so that fits

8k below, i sure don't get what the cash pledged to jpm %316m is for. ot: for those holding fnf there is another $1.2b in claims shown on (2) coming payable oct 3

http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9423114-18332-93648&type=sect&TabIndex=2&companyid=4645&ppu=%252fdefault.aspx%253fcompanyid%253d4645%2526amp%253bformtypeId%253d135

[jshuey]

Are there any lawyers here who can interpret the mumbo-jumbo in the section preceding Exhibit C? My reading, and I am an abject amateur, is the claim is for any costs or losses realized by JPM and/or its subsidiaries as a result of lawsuits/claims filed against JPM for their role in helping issue/distribute the securities listed in C.

NOTE: I may be very wrong, because I never studied Mumbo-Jumbo and therefore could very easily be missing something very important.

[stockmojo9]

j-dub,

Why would JPM file this claim and BNYM file another claim for the same CTs?

Who is now the Trustee?

Who is the Transfer Agent?

By the way, all the claims in JPMSI/LBHI Securities Law Claims (Exhibit C) include:

1. All CTs ($1.2B)
2. $1.5B "G" Preferreds
3. $3M "F" Preferreds
4. A $1B LBHI 6.625% issue due 2012

The Total = $3.703B.

Additionally, "JPMSI & Bear Stearnes and its assigns" were identified as though BSC initially had some part in the offering.

Any thought on what part? Maybe the debenture?

Last point: It is clear multiple claims are being filed for the same liability to the Lehman Estate.

This may be perfectly reasonable for the role of the claimant, but it seems it's rolled into the "Claims Subject to Compromise"?

mojo

[stripus]

I walked into a mom and pop grocery store where everyone was laughing.
I asked what happened, and one of the owners sons told me that his father had made a mistake. The owner was practically deaf, and when he spoke you would think he was yelling at you with his loud bellowing voice.
A young woman customer had asked him where she could find the tampax?
The owner very loudly replied to her "the kind you push in with your thumb or drive in with a hammer". She stormed out of the store, because the owner thought she had asked for thumbtacks.
This was a true story!