Lehman Brothers Financial SA (CE) (LEHNQ) Quote

Fascinating posts and angles…

WITHOUT PREJUDICE SAVE AS TO COSTS
SUBJECT TO CONTRACT
LEGAL02/44871304v9
Reserve and Reimbursement Agreement and 7(f) Application Settlement shall
remain in full force and effect without amendment or variation.
Clause 8 of the Framework Agreement shall be amended to record that the
Effective Date occurred on 8 October 2023.
Binding terms: Confidentiality:
All drafts of and the substance of all negotiations in connection with this Term
Sheet are confidential to the Parties and their advisers, who shall not disclose or
otherwise communicate them to any third party without the written consent of
the other Parties other than:
a) the final agreed term sheet may be sent to ECAPS Account Holders and
Beneficial ECAPS Interest Holders who are not party thereto and in that
process may also be circulated by the JLs via RNS;
b) the final agreed term sheet may be sent by DB or Whitefort to ECAPS
Account Holders and Beneficial ECAPS Interest Holders with a view to
obtaining Letters of Support;
c) to the Parties' respective auditors, insurers (and their
insurers/reinsurers), firm (in the case of the JLs and PLC
Administrators), and their respective advisors, and lawyers on terms
which preserve confidentiality;
d) pursuant to an order of a court of competent jurisdiction, or pursuant
to any proper order or demand made by any competent authority or
body where they are under a legal or regulatory obligation to make
such a disclosure;
e) the final agreed term sheet may be disclosed by the PLC Administrators
or the JLs to the extent they reasonably consider necessary or
appropriate in the performance of their functions as office holders;
f) pursuant to any express requirement under the rules of any listing
authority or stock exchange on which a Party's shares are traded; or
g) LBHI may publish the final agreed term sheet, and final settlement
documentation (including the Amendment and Restatement
Agreement and relevant consent orders), on the Bankruptcy Court
docket and report and refer to the settlement terms in its quarterly
reporting and discuss its terms with LBHI’s creditors and investors.
Costs and expenses:
All Parties will pay their own costs and expenses (including legal fees) incurred in
connection with the preparation, negotiation and execution of the Amendment
and Restatement Agreement, and the settlement agreement in respect of the
Partial Discharge Issue, whether or not those agreements are signed or come
into effect (and without prejudice to (i) the PLC Administrators’ costs and
expenses being paid from the PLC estate; or (ii) the JLs’ costs and expenses being
paid from GP1 and/or the ECAPS Issuers; or (iii) the Reserve and Reimbursement
Agreement).
Without Prejudice:


Thanks,

dhyan40

Re: None

Friday, 09/20/2024 6:58:05 AM

Lehman Brothers UK Capital Funding IV LP: Notice to the Holders of the Preferred Securities
https://finance.yahoo.com/news/lehman-brothers-uk-capital-funding-121200926.html
LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) --

NOTICE TO THE HOLDERS OF:

EUR 200,000,000 EURO FIXED RATE ENHANCED CAPITAL ADVANTAGED PREFERRED SECURITIES ("LP IV ECAPS")

ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING IV LP ("LP IV")

ISIN: XS0282978666

LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS FOR HOLDERS OF LP IV ECAPS

Your attention is drawn to the formal notice contained in the PDF link below concerning the Company, LP IV and the LP IV ECAPS. In order to view the formal notice, it is recommended that you copy and paste the link into your browser.

http://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf

ITS BANKRUPTED!!

“Imbecile”

RE: …. Educate!…..

Learn a little business fundamentals. I’m not here to educate anyone. It’s been discussed in this board so many times now.

Counsel to the Joint Liquidators.

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.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175093658


It is finished!
Very good news!!!



Ron

how do you know?. you know NADA.

13
4.34 The main economic outcome of the settlement agreed in 2023 was to agree percentage
splits for the distribution of funds across Tiers X, Y and Z. Tier X has already been paid.
The percentage splits for Tier Y and Z turned upon the outcome of the ECAPS 2 Appeal
Hearing. 👉️The 2024 Proposed Terms remove the uncertainty concerning the potential
monetary outcome for GP1 for Tiers Y and Z by fixing the possible percentage return
for Tier Y and Tier Z. 👈️This is on the basis of the proposed settlement of the ECAPS 2
Appeal Hearing which also includes the resolution of the Partial Discharge issue (it
being a condition precedent that the Partial Discharge Issue is also settled). The JLs
are satisfied with the proposed resolution of the Partial Discharge Issue, the outcome
of which sees the parties reach the middle ground of the financial value of the dispute
as a compromise. This aspect of the 2024 Proposed Terms removes a further
impediment to the resolution of the relevant estates involved and the potential future
distribution of funds from LBH. The material economic impact of the 2024 Proposed
Terms are as follows to be compared with the summary of the current position
summarised as paragraphs 4.22 above):
4.34.1 Tier Y: To be split 73.8 % (the Company) and 26.2% (LBHI).
4.34.2 Tier Z: To be split 40% (the Company) and 60% (LBHI)
4.35 The above percentages would be fixed and not dependant on the outcome of ECAPS
2 Appeal Hearing as it is proposed that Priority Legal Issue 1 is settled. The 2024
👉️Proposed Terms would require implementation ahead of the ECAPS 2 Appeal Hearing, 👈️
due to start on 3 October 2024.
4.36 Appendix 3 is a comparative estimated outcome statement that demonstrates some of
the possible Base Case Recovery / High Case Recovery (terms as per table in
paragraph 4.31 above) in relation to the ECAPS 2 Applications and interrelation with
the 2024 Proposed Terms. Please note that the sums disclosed are after accounting
for the costs incurred in the LBH administration estate but are subject to costs incurred
in the Company’s liquidation estate that are attributable to LP I, LP II and LP III.
👉️4.37 The Joint Liquidators are aware that efforts are being made by certain Account Holders,
that have taken an active participation in the winding up of the Company and the
Partnerships, to determine whether support for the 2024 Proposed Terms can be
confirmed in writing by certain known and significant Account Holders in each of LP I,
LP II and LP III. A template letter of support (the “Letter of Support”) is set out in
Schedule 2 of Appendix 2 to this notice. One of the purposes of canvassing levels of
support from Account Holders is to allow the Joint Liquidators to informally ascertain
levels of support for the 2024 Proposed Terms on a non-binding basis. The Joint
Liquidators are supportive of the 2024 Proposed Terms but before entering final binding
agreements in relation to the 2024 Proposed Terms want: (i) evidence of support (in
the form of a Letter of Support) from at least a simple majority of Account Holders in
each of LPI, LP II and LP III; and/or (ii) to understand whether there are any significant
objections from Account Holders in relation to the 2024 Proposed Terms.👈️

RE: SAME SHOULD BE APPLICABLE TO CTs IMO.

YES! If LBHI IS IN THE SAME SCENARIO.
BUT LBHI IS BROKE!!!! No money, No dinero! NADA!!

Just wait and hope LBHI will continue as a going concern.

Priority of subordinated claims against LB Holdings Intermediate 2 Limited (“LBHI2”)
and LBH
4.8 As explained in previous update notices, the subordinated claims of LBH against
LBHI2, and of LP I, LP II, and LP III against LBH were found by the Court of Appeal to
rank ahead of the respective claims of Scottish LP 3 and Lehman Brothers Holdings
Inc. (“LBHI”). An application by LBHI to the Supreme Court for permission to appeal
was not successful. The litigation that concluded in the Court of Appeal is hereinafter
referred to as the “ECAPS 1 Applications” or “ECAPS 1”.

Page 5/81
https://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf
SAME SHOULD BE APPLICABLE TO CTs IMO.

RE: ….of this UK LBH distribution…

LBHI is not affected by it. UK LBH is a non controlled affiliate. LBHI is only concern on how much money will get after Ecaps is paid.

LBHI will just continue on its own POR to complete.

Toogood and Edbk would appreciate your analysis of this UK LBH distribution and whether US CTs and Js and other preferred holders also could get similar proceeds.

Since most of us bought in the below 20c, what would be the proceeds we could expect based on the UK pdf below -- <$10/share, or more including previously accumulated interest for the CTs.

http://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf


Lehman Brothers UK Capital Funding IV LP: Notice to the Holders of the Preferred Securities
https://finance.yahoo.com/news/lehman-brothers-uk-capital-funding-121200926.html
LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) --

NOTICE TO THE HOLDERS OF:

EUR 200,000,000 EURO FIXED RATE ENHANCED CAPITAL ADVANTAGED PREFERRED SECURITIES ("LP IV ECAPS")

ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING IV LP ("LP IV")

ISIN: XS0282978666

LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS FOR HOLDERS OF LP IV ECAPS

Your attention is drawn to the formal notice contained in the PDF link below concerning the Company, LP IV and the LP IV ECAPS. In order to view the formal notice, it is recommended that you copy and paste the link into your browser.

http://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf

Would this be the same in the US for our CT’s?

Lehman Brothers UK Capital Funding IV LP: Notice to the Holders of the Preferred Securities
https://finance.yahoo.com/news/lehman-brothers-uk-capital-funding-121200926.html
LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) --

NOTICE TO THE HOLDERS OF:

EUR 200,000,000 EURO FIXED RATE ENHANCED CAPITAL ADVANTAGED PREFERRED SECURITIES ("LP IV ECAPS")

ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING IV LP ("LP IV")

ISIN: XS0282978666

LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS FOR HOLDERS OF LP IV ECAPS

Your attention is drawn to the formal notice contained in the PDF link below concerning the Company, LP IV and the LP IV ECAPS. In order to view the formal notice, it is recommended that you copy and paste the link into your browser.

http://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf

RE: That's the thing. NO ONE IS GOING TO INJECT CAPITAL!!!

Oops!!! YOUR CRYSTAL BALL IS IN LOW BAT…


😝 😝 😝

RE: That's the thing. NO ONE IS GOING TO INJECT CAPITAL!!!

WARREN WILL…. 😂 😆
MY FRIEND ELON ALSO… 😝 😆

'Hail Mary'? Obviously you don't know all the 'SIV's into which LBHI stashed all its Real Estate Holdings...Heck. They even had an SIV named after my city in India where they bought holdings of Buildings in an SEZ, I was blown away when I discovered that....Not to mention of tons of RE all along West Coast, Europe , Singapore, Middle East etc...

Sounds like a hail mary pass.

Umm... Err... Do you know something called 'BK Remote Safe Harbor Assets' ???. Don't bother to answer...

ha. no. that was joe. I'm not him, but I'm starting to think he was right...

Look, i've followed this for years now, and nothing has happened.... I seriously think nothing will.

Convince me otherwise.

Are you that same guy from Atlanta (forgot his 'handle') who said his house burnt and said he wanted to post here to 'save us' from 'having hope'???

Announcement of additional preferred equity distribution - 3 September 2024
Following the Joint Administrators' announcement dated 7 November 2023, the LBIE directors have proposed, in consultation with the Joint Administrators who are in agreement, that the Company make a distribution by way of dividend to LB Holdings Intermediate 2 Limited ("LBHI2"), as sole holder of LBIE's preferred equity, in the amount of £26m.

In putting forth their proposal, the LBIE directors have considered, again in consultation with the Administrators, a balance sheet and management information as at 14 July 2024, showing the profits, losses, assets, liabilities, provisions, capital, potential downside future recoveries and reserves (including undistributable reserves) of the Company, to which it was necessary to have regard when determining whether a distribution could lawfully be made.

The Joint Administrators having consented to the proposal from the LBIE directors, the distribution was made on 3 September 2024 and brings the total distributed to date to LBHI2, in respect of its preferred equity, to £428m.

If any interested party requires more information, please contact LBIE’s Communications and Counterparty Management team at generalqueries@lbia-eu.com.

HAHA....

I thought something good happened. The flurry of posts.

RE: you’ll need a person like cheese wiz to teach you….

——//——//——

HEY CHEESE WIZ!!! WHERE ARE YOU??
SOMEONE HERE NEEDS TO LEARN.

I KNOW YOURE THE ONE WITH A LOT OF PATIENCE TO TEACH ANYONE WITH A NARROWED MINDSET.. 😂 😝

RE: Any idea how much $$ that would take?

—-//—-//——

Enough of course.

RE: There's still 100B+ in other claims by debt holders.

—-//——//—-

I don’t try to educate anyone with a narrowed mindset.. you’ll need a person like cheese wiz to teach you how the debt will be handed by a wise business man.
😆 😂

what's your point? Why would this matter?

There's still 100B+ in other claims by debt holders.

You people are crazy. Get out of your mom's basements.

"UNLESS IF SOMEONE WILL CAPITALIZE IT."

Any idea how much $$ that would take?

That's the thing. NO ONE IS GOING TO INJECT CAPITAL!!!

WHY do you keep telling yourself that? It's not going to happen.

"Why are you still here?!!"

Says the person coming here to post.....LOL!

RE: Once the juice is fullllly squeezed out, this is going to go to Ch. 7.

—-//——-//——-

DO YOU KNOW THAT THERE IS A 31B CLAIM BY LEHMAN AGAINST ITSELF??

ASK MY FRIEND WARREN IF HE WILL CAPITALIZE IT..

😂 😂 😆

RE: Once the juice is fullllly squeezed out, this is going to go to Ch. 7.

—-////—////————

UNLESS IF SOMEONE WILL CAPITALIZE IT.

HA HA!😆 😂

This Nuke Message brought to you by The other Fascits and Communist Party members of Biden and Harris administraitors. IMO

This just in... Russia Just Nukes The London Stock Exchange.with Fission
Weapons not Hydrogen
Lehman Bros International Europe. Is no more
LBHI Funding has dried.
And not any longer a going concern. Now they're only
concerned with World WAR III. IMO
That would be a really bad day... for everyone!!!

Okay, I'm intrigued. Is this board so dry it could turn a desert oasis into a dust bowl?
or Just add Water

Once the juice is fullllly squeezed out, this is going to go to Ch. 7.

You have no claims. You have no recourse. Why are you still here?!!

Yea, i don't. There's no assets. They have 1.6B in assets against 128B in liabilities (debts yet to be paid). You people are blind!

Yea, i don't. There's no assets. They have 1.6B in assets against 128B in liabilities (debts yet to be paid). You people are blind!

Do you really think it wouldn't . Conciderings its been 16 years. Most thought it wouldn't last more than 8 years. Guess what? its still in court. for double that. What insanity keeps them in a defunked Co.. The point.. They are not Insane. HINT IMO

Very True Slim>>>
I think every one was wondering how in the world is LEHNQ paying the claims. Now We know ...the SUBS were.. Those UK Exchanges have a much better
exchange regeme than The American. Why? They don't play.l
Also for us were still awaiting from any payment forwarding to us
from any other subs. The courts are letting them get away from pay Any amount
let alone court fees. WTF!!! When is the Judge going to start turning the wrench
On the BUMs| JUST MY OPINION

Yes, I do!

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173818048

Do you seriously think that this is going to come back to life? You all are crazy.

en·dur·ance
/in'do?or?ns,en'do?or?ns/
noun
the fact or power of enduring an unpleasant or difficult process or situation without giving way.
"she was close to the limit of her endurance"
Similar:
toleration
bearing
tolerance
sufferance
fortitude
forbearance
patience
acceptance
resignation
stoicism
stamina
staying power
perseverance
persistence
tenacity
pertinacity
doggedness
indefatigability
tirelessness
resoluteness
resolution
determination
Dunkirk spirit
stickability
guts
grit
spunk
bottle
adjective
denoting or relating to a race or other sporting event that takes place over a long distance or otherwise demands great physical stamina.
"the annual 24-hour endurance race"

Definitions from Oxford Languages · Learn more
help·less
/'helpl?s/
adjective
unable to defend oneself or to act without help.
"the cubs are born blind and helpless"
Similar:
dependent
incapable
powerless
impotent
weak
weakly
feeble
defenseless
unprotected
vulnerable
exposed
easily hurt
easily destroyed
open to attack
Opposite:
independent
uncontrollable.
"they burst into helpless laughter"

No one posting.

You can figure it out. Come on joyce c.

2025 around the corner.

Sink or swim 🏊‍♂️

JHawg - Ok I'll bite. How does the Bataan Death March resemble the dryness of this board?

Great comeback.

It fits....

Bataan Death March
Article Talk
Language
Download PDF
Watch
Edit
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.