Lehman Brothers Financial SA (CE) (LEHNQ) Quote

Nice route.... Pennsylvania a nice scenic area with historic farms! 👍🏽  

In March LBHI had 120m$ cash but it included 18m "Reserve for a disputed claim" and 62m "Reserve for all other". 3 weeks ago the 30th distribution was 116m$.
If the creditors wants more money, they have do close the case LBHI soon.

Yep. All the way. Till in Pa and it split to 80 getting us closer to home. We beat all the bad weather
And hit Lewis and clark park/caverns. Little big horn. Mount Rushmore, Devils Tower and so on. Some gorgeous country out there. Coers d'alane Idaho was sweet to. The blm lands etc. Really really enjoyed it all. Every.minute every mile. Ty for your ideas

Okay, I will tell you one about a flower delivery. I was 50 miles South West heading to Fort Worth, Texas, on I35 , around 1 am and heard a small plane's engines go into a dive and within a few seconds it sounded like it was too close to my truck, so my natural reaction was to turn off my headlights. It was pitch black and I could not see the highway, at 70 mph, until I turned my headlights back on and then i heard the plane's engine pull out of its dive.

Wow Cotton, Be Careful out there!...I recall you said you have Flower farm and delivering Flowers every where E.TX including H'town...Didn't know you were hauling Heavy stuff! From erstwhile SW Engr to flowers to driving Big Trucks in TX... Interesting...I am still busy with SW Gigs and trading but hoping to start Hedge Fund soon...

You Did I-90 All the Way? Wow! Must be Very scenic country, Especially the Big SKY Country in the Northwest....

We did I-90 in Sept 2013 When we were living in Minneapolis, MN...South from Twin cities to I-90 at Albert lea and I-90 West All the Way,,,was doing 85+ M/hr all the way! Speed limit at places was 85 MPH...WALL Drug sign Boards al the way and Finally did go to 'Wall Drug store' to Check It OUT, LOL! 'Bad lands' and Then to Rapid City 'Black Hills Gold Mine' and "Needles State Park" (awesome and scenic!), saw lot of Wild Buffalo/Bison roaming there and took pictures Up Close as they crossed the road, right in front of our SUV! It got Dark and then Heavy Thunderstorm hit and we Got Lost in Needles State Park, in that storm, as were heading out to our hotel in Rapid City! No Phone service too, Then noticed running very low on Fuel and it got scary!...Luckily made it out and found a gas Station! Then to the Mt. Rushmore and the 'Crazy Horse' Monuments...And into Wyoming Sturgis, Sundance to 'Devils Tower' which was awesome...

In July 2016, from Las Vegas Road trip into AZ & Utah - did Grand Canyon, Monument National Park and into Utah for the Mighty five - Arches, Windows, Glen Canyon, Mt Zion were awesome and out of the world!

Another one addicted to the lifestyle! So glad you enjoyed the trip!

LAMCO -- only 18 employees on Linked in
https://www.linkedin.com/company/lamco-llc/people/

I just did I 90 from Spokane to Jersey. Saw many wonderfull things in our great country. Its amazing mikes and miles of nothing but beauty. Escaped all bad weather to. Got plenty lucky.

Whether this hits now or later. I plan on more traveling and adventure. My new found fun. RV life.

Lets go Lehman. Hit or Miss for crying out loud. See you all on the road.

I'll hit you back with only this one. We were hauling 18 tons of asphalt per load all day long between South Austin, Texas and Cuero, Texas in 2006. My coworker had just pass me on 183, going in the opposite direction, and blew a front tire and flipped his truck twice and walked away from the Wreck and totalled truck.

One more, we were hauling asphalt between South Austin, Texas and Rockport, Texas following the boss man running 75 mph plus. I slowed down to 65 mph going through a TXDOT construction zone with zero shoulders and met an 18 wheeler running fast approaching me and we came close together that we completely broke and lost our, driver's side, rear view mirrors.

Eighteen years of doing that type of driving and facing intentional and non-intentional threats all over Texas, I could tell you some crap for a long time.

I loved it because I am a bull shitter and bull jiver in a big rig.

Careful on that Road...In 2019,on my way to a project I was working San Antonio, I made a stop at Buckee's in Luling and noticed my SUV's Battery was weak and didn't want to risk it and headed straight on that road to nearest Wal-Mart in Gonzales to get the Battery replaced...there are some crazy Rash Drivers on that Road.

Interesting notes about Gonzalez and Cuero's history...Once we get some news about "Pay Dirt', I plan on a West Texas 'Wander-Lust' Road trip on I-10 W and go up North till Santa Fe, and that Luling Petroleum museum is on my 'Bucket List'...

After successfully making a rode trip to Gonzales, Texas and Cuero, Texas; yesterday, and avoiding a head on collision with a nut that was trying to pass ten cars, I decided to come back here and try to be more defiant and speed this Bankruptcy up. I would receive more respect on the highway riding in my own 13 ton Freightliner Tractor.

What is Cuero famous for?

Cuero is considered to be one of the top cattle producers and shippers in Texas. Cuero thrived for many years off of turkey ranching in the area and has since been known as the “Turkey Capital of the World”, celebrating the famous Turkeyfest annually.

Gonzales, Texas is famous for being the site of the first Battle of Gonzales and for being the birthplace of the Texas Revolution, often called the "Lexington of Texas". This battle, fought on October 2, 1835, involved Texian settlers refusing to return a cannon given to them by the Mexican government, sparking the fight for Texas independence. The phrase "Come and Take It," associated with the cannon and the battle, became a symbol of Texan defiance.

Gemini Did you mean: on a parity with the most senior preferred or preference stock now or hereafter issued by Lehman Brothers Holdings and with any guarantee now or hereafter entered into by Lehman Brothers Holdings in respect of any preferred securities of any affiliate of Lehman Brothers Holdings, and • senior to Lehman Brothers Holdings common stock.

AI Overview


+3
This clause from a Lehman Brothers Holdings legal document outlines the relative priority of a security in relation to the company's capital structure. The security in question is placed on the same level (parity) as the most senior preferred or preference stock the company has issued or might issue in the future. It also has the same priority as any guarantees Lehman Brothers Holdings has made for preferred securities of its affiliates. Additionally, this security is senior (or higher in priority) to the company's common stock.
Here's a breakdown:
Parity with Senior Preferred/Preference Stock:
👉️This means the security being discussed has the same claim on the company's assets and earnings as the most senior preferred or preference stock.
Parity with Guarantees:
👉️If Lehman Brothers Holdings has guaranteed the repayment or dividends of preferred securities issued by its affiliates, this security also has the same priority as those guarantees.
Senior to Common Stock:
The security has a higher priority claim on assets and earnings than the company's common stock. This means the holders of this security would be paid before common shareholders in the event of liquidation or dividend distributions.
In essence, this clause establishes a clear order of priority in the company's capital structure, ensuring that this particular security and the senior preferred/preference stock are treated equally, and that they have a higher claim on assets and earnings than the common stock.

When Jamie loses; everyone wins!!! 😉

;
The big picture is not at all what anybody on any side of anything hope to ever see but here we are... Are you ready for Monday? It's going to be a month of Mondays. 

This Post Applies to Lehman’s Also.

“Jamie Diamond lost. And Owes F&F.

And Lehman’s, WaMu(WMI/WMB), and a few others.

The basic numbers;
According to Treasury back in 2008, the residential mortgage market was $13 Trillion. This number doesn’t include commercial mortgages.

From the DB Globic litigation (DB is the Trustee for WMB securitized offering including the WMB Notes) it was determined that the RMBS losses to be 11.9%.
The RMBS like the CMBS are insured by Derivative Contracts largely written by the TBTF Banks.
JPM wrote ~57% of the contracts.

The Regulators have our money in lockdown to pretend to pay fictitious claims and not release the accumulation of money in the Trust.

Example;
RMBS/CMBS(Certs) Trustees are required to keep the Trusts insured by the Prospectus.
The standard structure of the Offerings is to make three payments a year, two interest and one Performance.
The Performance Payment is still accumulating, but not the interest payment.
Perpetual, Non-accumulating!

The Offerer of the Certs both invested in the offerings, but over capitalized them.


The WMB Notes;
$26 Billion securitized for $13 Billion in Notes.
WMI Preferred Funding was also covered by a factor of two.


TBTF needs money to cover the Derivative losses of 2008.

I have posted it before, TBTF owes F&F $60 Billion just for the Derivatives.”

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176090421



Ron

The Real Lehman Brothers' Life.


K-Ci & JoJo – Life Lyrics

Just like a birdie, I just wanna fly free, so high, so high
And own a piece of land
Somewhere, somewhere off in the country
Oh, oh yeah, listen, yeah

Temperature's like a hundred degrees
Like I got chains on me
Blackmail and a family of three
Been right on my destiny

Rake it out fly way
'Cuz it's too much for the man
Shouldn'ta gone down this way
What happened to my master plan

'Cuz I can't figure out
I coulda been a love child
Shouldn'ta gone down this way
Tell me, how did I get life?

Life, life, life, life
Life, life, life, life
Life, life, life, life
Life, life, life, life

Oh, somebody done done me wrong
My eyes to the ceiling all night long
Time is slippin' away from me
And it ain't no tellin' when I get home
I gotta get home, yeah

Just about to see the dollar sign
That's close to a piece of mind
and everything was about to be fine
So tell me, so how'd I get life?

Life, life, life, life
Life, life, life, life
Life, life, life, life
Life, life, life, life

Everything that I hoped for is gone now
Buried in the ground
Hopes and dreams and all those things
I'll never see, said I'll never see

Life, life, life, life
Life, life, life, life
Life, life, life, life
....

LAMCO LLC
https://www.linkedin.com/company/lamco-llc?trk=public_profile_topcard-current-company

Sort of skimmed reports. Just get CH 11 closed and our trustees should let our cash flow suspended since Sep 17 08 hit our brokerage account!

Basis for cash or value or subordinate debentures:

on a parity with the most senior preferred or preference stock now or hereafter issued by Lehman Brothers Holdings and with any guarantee now or hereafter entered into by Lehman Brothers Holdings in respect of any preferred securities of any affiliate of Lehman Brothers Holdings, and

•
senior to Lehman Brothers Holding's common stock.

The BNYM as Trustee and JPMCB as Agent always knew about these features of TRuPS.

https://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm

My favorite,

on a parity with the most senior preferred or preference stock now or hereafter issued by Lehman Brothers Holdings ... of any affiliate of Lehman Brothers Holdings, and

•
senior to Lehman Brothers Holding's common stock.

LBHI's Cts' parity rights are good.

Preferred Equity Distributions
Following progress made during the Reporting Period, the Directors proposed, in consultation with the Administrators,
that the Company make a further significant distribution by way of dividend to LBHI2, as sole holder of LBIE's preferred
equity, in the amount of £70m on 20 February 2025. The Administrators considered that it was appropriate to consent
as they are confident that the funds can properly be paid to the Shareholder and are not required for any other
purpose. This brings the total distributed to date to LBHI2 in respect of its preferred equity to £498m.

Workaround or Patch: Dissolve LBIE and LBHI2 and move LBIE's assets to LBH plc. This is okay as long as you do right by LBHI's Cts' Holders, okay. Deal! The Cts' are parity with LBHI's most preferred or preference stock /equity , on a Global scale.

Go figure.

Yes clearly it's a lottery ticket that has captured your attention again. Welcome.

Looking forward to May 1st week for the March Q and MOR Reports...

Please STOP spreading Mis-Information ; EVEN IF you were Not Actively following what's been happening with LBIE & LBH PLC BK Cases, in the UK You DO NOT have an Excuse for spreading Mis-Information...The ECAPS, have already recovered substantially through their 'Trustees' who were paid by the Administrators appointed for those cases by the UK Courts!

in fact my common shares (lehmq) immediately after the bankruptcy were divided into two with different ISINs, one European and the other USA, so both lbie and lbhi will pay

Are you Kidding.. LBIE ia a gravy in London. HEHEHE
Water Falls everywhere.

LBH in Erope is still paying Over seas creditors
And without fail I might add.
https://www.pwc.co.uk/business-recovery/administrations/lehman/lbh-estimated-outcome-statement-march-2024.pdf
I like this part.
"
There are no circumstances where ECAPS holders should expect to receive recoveries directly from LBH under any guarantee claim."
Meaning they will receive funds from the Usual coarse of BK in Europe.
Meaning LBIE will pay the Ecaps themselves. In due time. IMO

Perhaps your missed the part where LBIE has returned 100 percent. and then some. HAAHA Boi oh your really out of it.
Their Paying Everyone from "Surplus" AKA Water Fall from Heaven Fund..
Anyone home? Looks like the lites are out.HEHE😂

Another shoe about to Drop. Lehman style Margin calls in the ETF Bond MKT.

LBHI's Cts' successor rights are good. AI Lehman Brothers likely included a successor clause in its 2024 amended framework agreement to ensure the continued validity and enforceability of the agreement even if the company's ownership structure or legal entity changes. This is a common practice in agreements to protect the interests of all parties involved, especially after significant events like Lehman's bankruptcy.
Here's why a successor clause is important:
Ensures Contractual Obligations:
A successor clause clarifies that any entity that acquires Lehman Brothers' assets, liabilities, or business operations will be bound by the terms of the framework agreement. This prevents the agreement from becoming unenforceable if Lehman is no longer the primary party.
Protects Creditors and Other Parties:
By including a successor clause, creditors and other parties involved in the agreement are protected from the risk of a future entity refusing to honor the agreement's terms, especially if Lehman's original obligations are assumed by a new entity.
Facilitates Business Continuity:
In cases where Lehman is acquired or its assets are sold, the successor clause ensures that the new entity takes on the obligations of the original agreement, which can be crucial for maintaining business continuity.
Addresses Potential Legal Challenges:
A successor clause can help to clarify the legal responsibilities and liabilities of both Lehman Brothers and any successor entity, potentially mitigating potential legal challenges or disputes related to the agreement.
Prevents Contractual Ambiguity:
The clause eliminates any ambiguity about who is responsible for fulfilling the agreement's terms if Lehman changes ownership, ensuring that the agreement remains legally binding on all parties.
For example, if Lehman Brothers were acquired by another company, the successor clause would ensure that the acquiring company would be responsible for fulfilling all of Lehman Brothers' obligations under the framework agreement. This helps to provide a clear understanding of who is responsible for what and reduces the risk of disputes arising from changes in ownership or legal structure, according to a document on the United States Courts (.gov) website.

FNM rose from 1 to 5. I think sooner or later we will see10$, Anyone who thinks this
won´t have a positive impact to Lehman hasn´t understood the 2008 financial crises.

he doesn´t like our optimism. the question is why and the answer is clear. we are not interested in selling 😂

🕜️⏳️🌤️ Time will have a story to tell about this Bankruptcy!

If wishes were fishes the sea would be full. Your message reflects a hopeful but speculative interpretation of what might happen if certain litigation resolves in favor of LBHI and it seeks to emerge from bankruptcy. Go figure…

best post of the day, stoxjock, I see it similar...
"...Exchange the US CTs, for New Preferred Class with identical Interest Rate terms...At that same time the Sr. Creditors will also be given 'New Common Equity", to make them 'Satisfied Fully' and then LBHI will Emerge as a 'Going Cancer IB'. with the Relevant NEW Equity Structure, 'upon the Close' of the LBHI BK...The CTs will thus start getting 'Interest Payments' again. Since Dodd-Frank has made 'Hybrid Equity' non-tax deductible and NOT count as Tier I Capital anymore, I am thinking LBHI will 'Exchange' US CTs for NEW Preferred Classes of Securities, with same Interest Rate & Maturity' terms and give same Sr. Preferred Priority that is Senior to all other existing LBHI "Preferred Class" securities."

"Background: each of the Issuers were registered as a special purpose limited partnership for the purposes
of issuing the Securities. LB GP No.1 Ltd (the "Company") acts as the General Partner of the Issuers.
Bruce Alexander Mackay and Matthew Robert Haw of RSM UK Restructuring Advisory LLP were appointed
as joint liquidators (the "Joint Liquidators") of the Company on 28 February 2017 pursuant to a special
resolution of the Company's sole member, Lehman Brothers Holdings Inc. ("LBHI"). The appointment of the
Joint Liquidators was ratified by the Company's creditors at a meeting of creditors held on 12 April 2017."

I am thinking a Very Similar Docket With A Motion for an Interim Distribution to the US CTs will be made by LBHI. As it itself has taken over as the. 'Administrator, it will, as part of Events leading to 'Close of LBHI BK Case', propose an 'Exchange Event' through which it will propose to Exchange the US CTs, for New Preferred Class with identical Interest Rate terms...At that same time the Sr. Creditors will also be given 'New Common Equity", to make them 'Satisfied Fully' and then LBHI will Emerge as a 'Going Cancer IB'. with the Relevant NEW Equity Structure, 'upon the Close' of the LBHI BK...The CTs will thus start getting 'Interest Payments' again. Since Dodd-Frank has made 'Hybrid Equity' non-tax deductible and NOT count as Tier I Capital anymore, I am thinking LBHI will 'Exchange' US CTs for NEW Preferred Classes of Securities, with same Interest Rate & Maturity' terms and give same Sr. Preferred Priority that is Senior to all other existing LBHI "Preferred Class" securities.

You’re worrying about the wrong thing. Go figure…

🐎🐎🐎 Successor is not hard to say or type!

Boy y’all sure are thick-headed - and I guess that explains a lot. I’ve told you several times why I’m here. Y’all can figure out a way to spin anything. This may just be rational vs. irrational. Go figure…

Nothing new here. Payouts to other classes. Tangential reference. Go figure…

Docket # 61781
Filed Apr 16 2025
Transfer Agreement FRBP. Transfer Agreement 3001 (e) 2 Transferors: WLSO Investments, LP (Claim No. 5159233, Amount $1,461,537.39); WLSO Investments, LP (Claim No. 5559233, Amount $385,866.10) 👉️To Banc of America Credit Products, Inc. filed by Joshua Dorchak on behalf of Banc of America Credit Products, Inc.. (Dorchak, Joshua) Less
Case Number 08-13555 Lehman Brothers Holdings Inc.
View
Docket # 61780
Filed Apr 16 2025
Transfer Agreement FRBP. Transfer Agreement 3001 (e) 2 Transferors: WLSO Investments, LP (Claim No. 5055829, Amount $417,475.97); WLSO Investments, LP (Claim No. 5159233, Amount $3,292,860.14) To Banc of America Credit Products, Inc. filed by Joshua Dorchak on behalf of Banc of America Credit Products, Inc.. (Dorchak, Joshua) Less
Case Number 08-13555 Lehman Brothers Holdings Inc.
View
Docket # 61779
Filed Apr 16 2025
Transfer Agreement FRBP. Transfer Agreement 3001 (e) 2 Transferors: WLSO Investments, LP (Claim No. 62743, Amount $1,305,577.32); WLSO Investments, LP (Claim No. 64052, Amount $648,537.04); WLSO Investments, LP (Claim No. 559233, Amount $294,566.44); WLSO Investments, LP (Claim No. 5055829, Amount $10,973,908.99) To Banc of America Credit Products, Inc. filed by Joshua Dorchak on behalf of Banc of America Credit Products, Inc.. (Dorchak, Joshua) Less
Case Number 08-13555 Lehman Brothers Holdings Inc.
View
Docket # 61777
Filed Apr 16 2025
Transfer Agreement FRBP. Transfer Agreement 3001 (e) 2 Transferors: WLSO Investments, LP (Claim No. 67871, Amount $12,453,416.82); WLSO Investments, LP (Claim No. 41359, Amount $4,272,313.39); WLSO Investments, LP (Claim No. 5528, Amount $439,324.68) To Banc of America Credit Products, Inc. filed by Joshua Dorchak on behalf of Banc of America Credit Products, Inc.. (Dorchak, Joshua) Less
Case Number 08-13555 Lehman Brothers Holdings Inc.
View
Docket # 61776
Filed Apr 16 2025
Transfer Agreement FRBP. Transfer Agreement 3001 (e) 2 Transferors: WLSO Investments, LP (Claim No. 58352, Amount $29,147,361.00); WLSO Investments, LP (Claim No. 67346, Amount $48,370,000.00); WLSO Investments, LP (Claim No. 67870, Amount $118,390.48); WLSO Investments, LP (Claim No. 67871, Amount $32,020,145.11) 👉️To Banc of America Credit Products, Inc. filed by Joshua Dorchak on behalf of Banc of America Credit Products, Inc.. (Dorchak, Joshua) Less

Sure looks possible....

i have made my share of mistakes. i believe breaker is a part of an accredited group to buy them in canada and needs us to sell. time will tell.

Bless your heart. Go figure...

"The gatherings around the country are going to be bigger this Saturday. "

What is the purpose of these gatherings?
Haven't seen any mention in the news?

Cotton break the breaker, haha, this is good one.

You are in deep water, way over your nose!

Obvious and simple reading. Who is paying you to be on this board? Our money must be around the corner. You have never read one single Docket from this Bankruptcy.

Cool story. I'm not doing your homework anymore for you. You post from documents with no context and lack of understanding. At least I'm translating that for folks - since you're unable to do that. Go figure...

Read how ECAPS' were paid big cash without tripping. Read my previous two posts.

What does the slang tripping mean?
What does trippin' mean? You trippin' means you're acting a fool, thinking crazy thoughts, or are maybe high on mushrooms. Trippin' out is “freaking out” or “being extremely high.”Jun 6, 2018

PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT
T: +44 (0) 20 7583 5000, F: +44 (0) 20 7212 7500, www.pwc.co.uk
PricewaterhouseCoopers LLP is a limited liability partnership registered in England with registered number OC303525. The registered office of
PricewaterhouseCoopers LLP is 1 Embankment Place, London WC2N 6RH. PricewaterhouseCoopers LLP is authorised and regulated by the Financial Conduct Authority for designated
investment business.
NOTICE OF DECLARATION OF A DIVIDEND PURSUANT TO RULE 14.35 OF
THE INSOLVENCY (ENGLAND AND WALES) RULES 2016
LEHMAN BROTHERS HOLDINGS PLC - IN ADMINISTRATION
REGISTERED NO: 01854685
REGISTERED ADDRESS: 7 MORE LONDON RIVERSIDE, LONDON SE1 2RT
IN THE HIGH COURT OF JUSTICE, CHANCERY DIVISION, COMPANIES COURT
No. 7943 OF 2008 / CR-2008-000026
Notice is hereby given pursuant to Rule 14.35 of the Insolvency (England and Wales) Rules 2016
that an eighth interim dividend to unsecured, non-preferential creditors has been declared.
The eighth interim dividend comprises the following:
1. A further share of the statutory interest entitlements of the Company’s unsecured, non-
preferential unsubordinated creditors. The gross amount of the distribution to the
Company’s unsubordinated, unsecured creditors is £24,374,912, with the net amount being
£24,374,743, after holding back a provision in relation to UK tax.
2. A distribution in respect of the Company’s unsecured, non-preferential subordinated
liabilities in accordance with the Framework Agreement recently entered into by, amongst
others, the Company and LB GP No1 Limited (in liquidation), Lehman Brothers UK Capital
Funding LP, Lehman Brothers UK Capital Funding II LP, Lehman Brothers UK Capital
Funding III LP and LBHI as the holders of relevant subordinated liabilities. In accordance
with the Framework Agreement (about which prior notifications have been published on
the website maintained by the Joint Administrators), a total of £187,187,072 is being
distributed in respect of the Company’s unsecured, non-preferential subordinated
liabilities.
In total, a gross amount of £211,561,984 is available for distribution with the net amount of
£211,561,815, after holding back a provision in relation to UK tax, being distributed by way of
dividend in respect of admitted claims. There is no prescribed part, as there is no floating charge.
The Joint Administrators have retained reserves of £35.6m in order to provide for further costs and
potential claims in the estate.
Payments are being made commencing on or around 23 November 2023. The Joint Administrators are
unable to estimate the likely timing or quantum of any future dividends.
The Joint Administrators’ receipts and payments account from the commencement of the
Administration on 15 September 2008 to 17 November 2023 is attached.
For further information, contact details, [and proof of debt forms], please visit
http://www.pwc.co.uk/services/business-recovery/administrations/lehman/lbh- plc-in-
Administration.html. Alternatively, please send an email to uk_lehmanaffiliates@pwc.com for the
attention of Diane Adebowale.