Lehman Brothers Financial SA (CE) (LEHNQ) Quote

Great comeback.

It fits....

Bataan Death March
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The Bataan Death March[a] was the forcible transfer by the Imperial Japanese Army of 75,000[1] American and Filipino prisoners of war (POW) from the municipalities of Bagac and Mariveles on the Bataan Peninsula to Camp O'Donnell via San Fernando.

https://en.m.wikipedia.org/wiki/Bataan_Death_March

So did this board.

Dry as a bone.

looks like their 20 million / year dried up.

See September 16, 2024 docket:

https://www.reuters.com/legal/litigation/top-us-bankruptcy-attorney-sprayregen-departs-kirkland-hilco-2024-03-20/

David R. Seligman, P.C. Mark McKane, P.C.
KIRKLAND & ELLIS LLP KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP KIRKLAND & ELLIS INTERNATIONAL LLP
Counsel to the Joint Liquidators
UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK
)
In re: ) Chapter 11
)
LEHMAN BROTHERS HOLDINGS INC., et al., )
)
Case No. 08-13555 (MG)
)
Debtors. ) Jointly Administered
)
NOTICE OF WITHDRAWAL OF APPEARANCE AS COUNSEL
AND REQUEST FOR REMOVAL FROM COURT MATRIX AND SERVICE LIST
PLEASE TAKE NOTICE that James H.M. Sprayregen hereby withdraws as counsel to
the Joint Liquidators in these chapter 11 cases and the Joint Liquidators requests that his name be
removed from the Court’s mailing matrix and service list for these chapter 11 cases. His contact
information was as follows:
James H.M. Sprayregen
Kirkland & Ellis LLP
Kirkland & Ellis International LLP
300 North LaSalle
Chicago, IL 60654
james.sprayregen@kirkland.com
This Notice is with respect to James H.M. Sprayregen only, and is not intended to affect
service independently requested by Kirkland & Ellis LLP or Kirkland & Ellis International LLP,
or their continued listing in the mailing matrix and service list for these chapter 11 cases.

08-13555-mg Doc 61687 Filed 09/16/24 Entered 09/16/24 17:38:35 Main Document
Pg 1 of 2

That depends on whether Lehman will continue as an ongoing business.

What country wants to start WW3? Please tell me when and why.

Sing you bastard(s)*



to the whole song.

Are we getting paid before WW3. After that there will be no need of any payments.

Blinken.

That douchebag war monger. Lol

Keep him away from Lehman.

3 hours ago
ICYMI: Starmer-Biden talks end with no decision on missiles hitting Russia
UK prime minister Sir Keir Starmer and Joe Biden did not announce any decision on allowing Ukraine to use long-range weapons inside Russia following their talks in Washington.

Sir Kier said the two leaders had “a long and productive discussion on a number of fronts, including Ukraine, as you would expect, the Middle East and the Indo-Pacific” after he was asked about the outcome.

“This wasn’t a meeting about a particular capability. That wasn’t why we got our heads down today.

“It was to allow ourselves the space, which we took, the time, which we took, to have a strategic discussion so that tactical decisions could be seen within the wider strategy.”

A clue from LBHI about the Successors:

9 Further assurance /
undertakings
🐎🦍🐎Successors: The Framework Agreement shall provide that:
i. GP1 shall not assign, transfer or dispose of its interest in
the PLC Sub-Notes;
ii. LBHI shall not assign, transfer or dispose of the PLC Sub-
Debt:
o 🇱🇷until 15 December 2024,🇱🇷 in any circumstances;
and
o after 15 December 2024, unless (i) the assignee
or transferee has agreed to be bound by the
terms of the Framework Agreement; and (ii) GP1
and DB (in the case of DB if it holds 10% or more

Lehman's own a few Derivatives. Derivatives are used to manage risk on a global scale. 🎅 🤑 😎 👄

For example, stabilize revenue for the sale of oil.

First, I need to find out from United States' President Blinken.

Can you tell us when we getting paid ??

Fasten your Financial Markets' seatbelts, the Idiots never woke up! The donkies kicked your stock accounts on a Saturday. Monday morning blues ...


United Nations Blasts West’s Long-Range Missile Move Against Russia; Issues Nuclear War Warning
world news
Published on Sep 14, 2024 10:22 AM IST

Stephane Dujarric, a spokesman for the UN Secretary General, made a big statement after the US and UK allowed Ukraine to use Western weapons to strike deep into Russia. Dujarric said the "rhetoric that we're hearing is yet another indication that we are not moving towards the end of this conflict." He also noted that "the increased rhetoric, notably around nuclear weapons, is worrying." The Russian Permanent Representative to the UN, Vasily Nebenzya, also said NATO will be seen as a direct party to a war.

why are you so cryptic? i must say that you post a lot but you have not contributed to this board in any meaningful way, just bunch of stupid shit like this post and windy post with no relevance. don't get back to me with my feedback, i mean it and hope it helps.

contrive
Overview
Similar and opposite words
Usage examples
Dictionary
Definitions from Oxford Languages · Learn more
verb
create or bring about (an object or a situation) by deliberate use of skill and artifice.
"his opponents contrived a crisis"
Similar:
bring about
engineer
cause to happen
manufacture
orchestrate
stage-manage
create
devise
concoct
construct
design
formulate
plan
work out
think up
dream up
come up with
fabricate
plot
hatch
wangle
set up
cook up
procure
manage to do something foolish or create an undesirable situation.
"the poor guy in some way contrived to hang himself"
Similar:
manage
find a way
engineer a way
arrange
succeed in
work it
swing it
compass

/👁️\ 1962 + 62 = 2024 ✅️

When hunting, never corner a dangerous animal, because your weapon may misfire. Always leave the beast an exit.

Balance sheet
https://document.epiq11.com/document/getdocumentbycode?docId=4376644&projectCode=LBH&source=DM
It was noted that the funds set asside exceeds by far what needs to resolved . IMO This is good news.

as prevciously said thats peanuts as compared to what its obligations where when it started.
Clean slate around the corner. IMO only question is when.

absolutly "Compared to modern nuclear weapons, the bombs dropped on Japan during World War II are significantly smaller, with estimates suggesting that today's nukes can be up to 80 times more powerful than the bombs used against Hiroshima and Nagasaki, meaning the ratio would be roughly 1:80 in terms of explosive yield>-By Gemini.

You sure are a true moderator. You got patience and then some.. LOL good for you.

In years following the collapse, Fuld acknowledged the mistakes the bank made though he remained critical of the government for mandating that Lehman Brothers file for bankruptcy while bailing out others. In 2010, he told the Financial Crisis Inquiry Commission the bank had adequate capital reserves and a solid business at the time of its bankruptcy.
10
Richard Fuld. "Written Statement Of Richard S. Fuld, Jr. Before The Financial Crisis Inquiry Commission," Page 8.

https://www.investopedia.com/articles/economics/09/lehman-brothers-collapse.asp

Solid
Dictionary
Definitions from Oxford Languages · Learn more
adjective
1.
firm and stable in shape; not liquid or fluid.
"the stream was frozen solid"
Similar:
hard
rock-hard
rigid
firm
solidified
set
frozen
jellied
congealed
concrete
Opposite:
liquid
gaseous
2.
having three dimensions.
"a solid figure with six plane faces"
noun
a substance or object that is solid rather than liquid or fluid.

Are you in my PC? I emailed Judge Renwick well - the courts only email to get her contact info today. I wanted to send a letter explaining a few things as an American citizen and why this is a bad thing for people who aren't investors that she is responsible for as a public servant and also wanted to get answers why she would just "Motion Denied" thru her clerk. I will update you if they give me her contact email or address at court bc it's a bit ORWELLIAN we can't contact a Judge as American citizens. Isn't it?

Lol you read my mind.

Thank you!

Guys I had a hunch:
Goldman Sachs want's LBHI to come out of CH 11. $LEH or $LEHMQ (common stock) is still active as one "Plan Trust" common stock of LBHI representing proportional ownership of all $LEH common shareholders at delist from trading. $GS keeps $2.50 for each short borrower didn't close. pic.twitter.com/746aXREqia— Stankonia Capital #MAGA #MAHA (@StankoniaCap) September 13, 2024

RE: DID NOT LEARNED IT FOR SIXTEEN YEARS????

——-//——/

IF LBHI WILL DECIDE TO STAY GOING CONCERN AND UTILIZE ITS NOL;

LBHI must have a new fresh capital and pay the remaining obligation to CTs.

In many cases, bankrupted companies negotiates with creditors to go to chapter eleven instead of chapter seven to maximize its recovery in the condition that creditors themselves will capitalize the company. In fact, the recovery of the remaining asset was first calculated in POR to about 65B if asset is auctioned in chapter seven. By taking its time, (in about 16 years now) LBHI HAVE RECOVERED ABOUT 130 B”

THIS IS JUST A THEORY BASED ON LBHI DECISION IN FILING A CHAPTER ELEVEN WHILE PRESERVING ALL EQUITIES

THERE IS NO ASSURANCE CREDITORS WILL CAPITALIZE.

Any skeptical should comprehend how big is one billion before commenting.

RE: Lehman Brothers' assets are at risk.

—-//——///—


LBHI IS BANKRUPTED! All remaining asset is distributed until all creditors are satisfied in full.. THE BALANCE SHEET SHOWS 210 M IS LEFT TO FINISH!!

DID NOT LEARNED IT FOR SIXTEEN YEARS????

Lehman Brothers' assets are at risk. Read the news headlines for more details. We failed over the last sixteen years, because we did not write a primer entitled, Foreign Policy for Idiots. Lehman's had over $10 billion, legal fees, here to create a primer.

They are playing a game of chicken with America's assets and people again 1962. Pure breed Idiots...donkey, mule or jack will do!

Here’s the Italian Lehman board, very similar to ours. It demonstrates how pervasive Lehman was throughout.

https://forums.investireoggi.it/threads/lehman-brothers-quarto-atto.88789/page-606

Imho.

If your not a lawyer they don't want to hear dik.

We had some equally smart folks try this. Didn't they all go down in flames?

Just saying is all.

Real777 it’s a bulletin board like ours only in Italian. Not a source of re-emerging Lehman. Someone posted the link before and I had it in an old pm, that’s now gone. Sorry not to be more helpful. I don’t expect any organization to be public soon. Any group will be in stealth mode. Lehman still has plenty of powerful enemies that would try to stamp out any effort.

Have you thought about sending a letter to the court/judge?? You’re articulate and able to submit a good argument accompanied with case law.

Just an idea

Wasn't aware of that. Give me the name of the Italian Lehman Brothers subsidiary and I'll look at it haven't seen that one in any of the ongoing litigation nor having anything left to finish up before unwinding haha.

Well, hopefully someone or group want to lead the Lehman NOL recap and the re-emerging ibank. They should be in planning/organizing mode now I would think.

FWIW, the Italian Lehman board is still active. I couldn’t comprehend much but posted comments, including multiple ones yesterday, 600+ pages now.

Git’r done and let’s toast with a round of your favorite or a Sinatra. Cheers

I know one but he's doing well with his holding company in Miami with subsidiaries that give income across luxury real estate, wine, hotels, and fashion in Argentina. =P

The New York Court of Appeals is apparently full of communists censorship douchebags too. They tossed out an appeal of President Trump to lift his gag order which seems like a violation of free speech because they thing his words would be "dangerous" for the people involved he would criticize.

This is such bullshit. All corrupt assholes. Why must we deal with these Constitution violating marxists and leftists who think you can be "silenced" of free speech as a free man when you just got shot for dangerous speech by the people who they are aligned with politically - all Democrat Kathy Hochul and Cuomo appointed judges.

In a brief order, the court said “no substantial constitutional question is directly involved” and that it would dismiss Trump’s appeal.

The former president has argued the gag order violates the First Amendment rights of him and his millions of supporters, emphasizing his status as a presidential candidate in this year’s election.

Trump asked the New York Court of Appeals, the state’s highest court, to hear his challenge after his arguments were rejected by lower courts.

Wouldn't breaking the ISDA contract be a constitutional violation because breach of contract? That is don't they do contractual disputes and wouldn't it be a contractual right that would not just affect LBIE but set precedent you can break a contract and sub in whatever you like even though $5T in CDS market globally depend on these ISDA master agreements to be honored and valuation to be found the way the contract describes? Why would the lower court make brief order to deny and why world The New York Court of Appeals not stop this?

https://thehill.com/regulation/court-battles/4876040-trump-gag-order-appeal/

If they throw out LBIE v AGFP that's insane. There is a definite reason to reverse the ruling of the lower courts. You can't just abandon a ISDA MA contract when it doesn't work your way and triggers a payout to the other party.

I mean give me a break? The market was in a credit crunch so tight when they did their AGFP "alternative valuation" rather than the ISDA procedural valuation because they did some stupid auction to see if there was a market for it and claimed 0 interest came in their auction so they made their own non-contractual version of valuation up. BULL shit.

CCP subversion of our system is a huge problem too. They are constantly paying off our three branches of gov't and no one ever gets punished.

Quarterly Financial Report as of June 30, 2024 (Unaudited)
Page 16
Note 5 – Taxes Payable
Taxes payable is an estimate of tax liabilities, net of
the estimated impact of any refund claims, deposits,
and net operating losses (“NOL”). Taxes payable
have been allocated among the members of the LBHI
Tax Group pursuant to the Debtor Allocation
Agreement. The Debtor Allocation Agreement,
which became effective on the Effective Date,
addresses the relationship among the Debtors and
certain Affiliates with respect to consolidated
federal/combined state/local income taxes for pre-
petition and post-petition years.
As of June 30, 2024, the Company recorded an
estimate of $8.6 million for potential pre- and post-
petition amounts owed to federal, state, local and
international taxing authorities, net of expected refund
claims. Between April 5, 2024, and June 30, 2024, the
Company has reduced its net taxes payable by $0.1
million as a result of global tax audit progress.
Net Operating Losses
The NOLs of the LBHI Tax Group (including LBHI-
Controlled Affiliates) are subject to audit and
adjustment by the IRS and primarily expire in or
about 2028. Substantially all of the LBHI Tax
Group’s current consolidated net operating loss
carryovers are attributable to the Debtor. The Plan
provides for an orderly liquidation of the Debtors. As
previously disclosed in the Company’s Quarterly
Financial Report as of March 31, 2012 [Docket No.
29731], the LBHI Tax Group received a private letter
ruling from the IRS in connection with the Plan going
effective that stated (i) the liquidation of the Debtor
for U.S. federal income tax purposes may occur over
an extended period, and (ii) the reduction of the
LBHI Tax Group’s NOLs as a result of the discharge
of debt pursuant to the Plan generally would not
occur until completion of the liquidation.
In January 2020, the Company received a
supplemental IRS ruling extending the original ruling
relating to the Company’s liquidation. All remaining
Debtor NOLs not previously utilized to absorb
taxable income of the LBHI Tax Group are expected
to be fully utilized to offset income resulting from the
discharge of debt on the final date of liquidation of
LBHI.
08-13555-mg Doc 61681 Filed 09/06/24 Entered 09/06/24 14:56:43 Main Document
Pg 16 of 17

Thanks NF this was a good read. Any update on this from the author you might have found. Let’s hope there’s an executive group that wants to reignite Lehman. Cheers

Yeah, Real Frustrating that we have to wait so long....But even more frustrating is LBHI has gone into a pure 'stonewalling' and 'Obfuscation Mode' as regards to where the "Closing of BK process' of LBHI is. We were told by the Judge in Court hearings (and also in Docket filings) that the BK 'is being closed' almost 2 years ago...And yet...nothing on the EPIQ webpage nor any more Dockets about the 'closing of the LBHI BK'....

Really 'Pliable & Corrupt' Judges have brought a Blemish to their positions... It's so sickening that they can dismiss Iron-Clad 'ISDA Business Contracts' (and according to ISDA, SEC & other regulations by International Financial Regulatory Authorities) solely to 'protect' one party which they seem to have been 'bribed' by. It's sickening that this Judge just sought to 'nullify' a purely Financial Contract', maybe just because this Insurance company may have paid 'campaign contributions' to democrats!

Well after updating my understanding of New York's weirdo courts I realized that the appeal filed in August 2024 is going to Albany, NY to be heard in the State's Highest Court! Should it be approved.

And you think you'd want to overturn the decision to let anyone walk away from an ISDA Master Agreement when all the CDS they sold triggered a payout to the person who was buying your swaps according to the ISDA like private sector contractual agreements in this market have done since they began using it. But I digress. Here:


Source: Page 14 Q2 2024 Financial Report from LBHI bankruptcy docket

And hopefully Albany isn't politically motivated as Judge Diane Renwick to keep the private sector from resolving 2008 issues that President Trump is already committed to once his term begins in DC by ending the conservatorship of Fannie and Freddie! Renwick is the Judge Hochul appointed to the last level appellate court position in 2023 but has twice (2019 and 2023) taken petty civil suits against Trump and filed opinions with political views and made Trump pay hundreds of millions of dollars in sham cases. She doesn't like capitalism anymore than the administration and machine in charge for 12/16 years that both LBHI CH 11 and Fannie and Freddie conservatorship have been purposely dragged out but also are not able to be legally dissolved, terminated, closed, without paying up. Even those assholes that suppress our private sector free market capitalist economy like pre-2008 to today still have investments and stocks, options, you name it. So it's not like they can full on destroy the rules. =P

Anyway - the beat goes on - la de da de dee. Beats the case having no appeals left!



UPDATE: Let's just hope that since last week when a CCP Commie Spy who was Cuomo and Hochul's Deputy Chief of Staff until Spring 2023 got arrested in an FBI raid that made Gov Hochul act a little more in the interests of the American capitalism and private sector contract being honored as it always has been... If not let's pray this gets heard with Trump in office so he can put the pressure on Hochul and these Judges as he is the king of crackdown on China's BS.

Seems we are stuck till conclusion. Ugh

Sux....lol

general information section of the lbhi ch11 in the epiq system listed two specific legal cases: (1) partial settlement of ecaps litigation and (2) lbie vs ag.

Does that mean resolution of these two cases are required for lbhi bk to close? I feel like this distribution will drag on for the coming years with insignificant amount available to distribute each time.

https://covid-19.mitpress.mit.edu/pub/5zg3nj4e/release/1
Great read.

Wonderful! Thank you for that update! Let's hope that we get some sort of SANE ruling. Don't want the first ever ISDA Master Agreement for CDS $5T market to be walked out on!

Thanks for sharing that info.
Did you find any mention of when LBHI BK Case may close, in the Report? TIA & GLTU!

Interesting....Maybe if we hit Big with our Lehman Holdings, I may seek your advice on some Oil Wells Acquisition in and around Eagle Ford and Permian (Giddings, San Angelo and surrounding areas). With the way the US is going into a steady decline, with insurmountable Debt being created by corrupt Politicians ( in both parties), its only a matter of time before All US Treasury Auctions will fail and US will have to declare BK...And we go into a Prolonged Depression while at the same time there will be Hyper-inflation,... Energy interests -OIl wells/royalties, Energy E&P & transmission companies may be the best bets.

LBHI quarterly report that was published on Friday has this on page 14:

The trial in the New York Supreme Court, concluded
in November 2021. In March 2023, the Court issued
its decision in favor of AGR and granted AGR’s
claim. LBIE appealed that decision, and in March
2024, the Appellate Division of the Supreme Court,
First Judicial Department (“Appellate Division”)
issued its decision upholding the lower court ruling in
all respects. LBIE filed an application to appeal that
decision to the New York Court of Appeals in August
2024. A decision on that application to appeal is
pending.

Cheers
Slim