LEHMAN BROTHERS QUARTO ATTO

[duetto]

Honorable Shelley C. Chapman

Monday, June 25, 2018

11:00 AM



08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Adversary proceeding: 08-01420-scc Lehman Brothers Inc.
Doc #14568 Trustees Motion for Orders (I) Authorizing a Sixth Interim Distribution to Holders of Allowed General Unsecured Claims with a Record Date of June 30, 2018, (II) Approving the Procedures and Related Documents, and (III) Authorizing the Trustee to Effectuate the Accelerated Final Distribution Election



Adversary proceeding: 08-01420-scc Lehman Brothers Inc.
Doc# 14601 Statement / Supplemental Notice of Accelerated Final Distribution Election (related document(s)14568)

 

[duetto]

Deutsche Bank AG wants to buy out Lehman Brothers Inc. claimants as the defunct brokerage’s liquidation draws to a close.

Deutsche Bank’s London branch beat out five other bidders competing to make a cash offer to holders of unsecured claims against the Lehman Brothers bankruptcy estate, according to court papers filed Monday by liquidating trustee James Giddens.

Mr. Giddens is nearing the conclusion of a decade-long wind-down of Lehman Brothers, the brokerage unit of Lehman Brothers Holdings Inc. He is planning to distribute $170 million, his sixth payout, to creditors, which would bring recoveries on unsecured claims to 39.75 cents on the dollar from 39 cents.

June 20, 2018

Yahoo fait désormais partie d’Oath

 

[duetto]

OBJECTION OF CARVAL ENTITIES AND EMPYREAN CAPITAL PARTNERS, LP TO LEHMAN BROTHERS HOLDINGS INC.’S MOTION PURSUANT TO RULE 9019 OF THE FEDERAL RULES OF BANKRUPTCY PROCEDURE AND SECTION 105(a) OF THE BANKRUPTCY CODE FOR APPROVAL OF SETTLEMENT AGREEMENT AMONG CREDIT SUISSE AG, AND CERTAIN OF ITS AFFILIATES, AND LEHMAN BROTHERS HOLDINGS INC., AND CERTAIN OF ITS AFFILIATES

Si complica l'accordo con Credit Cuisse: CARVAL ENTITIES AND EMPYREAN CAPITAL PARTNERS, LP propongono obiezioni!

 

[duetto]

Update – Announcement of the proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – notification of effective date – 20 June 2018

Further to the announcement made on 18 June 2018 (a copy of which can be accessed here), the Joint Administrators are pleased to announce that, following the receipt on 19 June 2018 of the Order from the US Bankruptcy Court granting Chapter 15 recognition of LBIE’s scheme of arrangement (a copy of which can be accessed here), the Joint Administrators have today filed the Order of the High Court of England and Wales sanctioning the scheme at the Registrar of Companies (a copy of which can be accessed here), and the scheme has now become effective.

As explained in previous communications, the scheme is binding on all “Scheme Creditors”, being persons with ordinary unsecured claims against LBIE, and provides a framework for the consensual determination of Scheme Creditors’ entitlements to LBIE’s surplus, so as to facilitate an expedited payment to Scheme Creditors in respect of their statutory interest entitlements.

As soon as reasonably practicable, LBIE will now determine the funds available for distribution to Scheme Creditors in respect of their statutory interest entitlements (including the 2.5% settlement premium which certain Higher Rate Creditors elected for). On the basis that the bar date has now occurred and the deadline for the submission of Certifications passed, the Joint Administrators expect to be able to publish in the near future a Scheme Outcome Statement on LBIE’s website confirming that LBIE can pay all statutory interest entitlements in full and, subject to certain conditions having been met (including the provision of settlement instructions and KYC information), are targeting making distributions to all Scheme Creditors (other than those who have submitted Certifications in respect of their Higher Rate Claims) around the end of July 2018.

Update – Announcement of the proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – notification of effective date – 20 June 2018

 

[duetto]

Lehman-Insolvenzverwalter zieht Bilanz

21.06.2018,

Frankfurt - Fast zehn Jahre nach der Insolvenz der US-Bank Lehman Brothers hat der Insolvenzverwalter der deutschen Tochter über seinen größten Fall gesprochen. Eine Traumquote von fast 100 Prozent hat Michael Frege mit seinem 150-köpfigen Team von der Kanzlei CMS Hasche Sigle für die Gläubiger erreicht, berichtet das "Handelsblatt". Der 59-Jährige schloss sein spektakulärstes Mandat damit auch als erfolgreichstes ab.


Lehman-Insolvenzverwalter zieht Bilanz

 

[duetto]

Creditors Object To $750M Lehman-Credit Suisse Deal

June 21, 2018

Two hedge funds threw a wrench into a massive proposed derivatives settlement between Lehman Brothers Holdings Inc. and Credit Suisse AG with an objection filed on Wednesday, sharply questioning Lehman's whiplash-inducing turn from demanding $75 million to agreeing to pay $750 million in the "black box" deal.

The CarVal Entities and Empyrean Capital Partners — both huge Lehman creditors for which a dollar ceded to Credit Suisse is essentially a dollar they won't get back down the road — say there has been "nothing"

Creditors Object To $750M Lehman-Credit Suisse Deal - Law360

 

[duetto]

Docket # 58303

Filed Jun 20 2018

Certificate of Service of Objection of CarVal Entities & Empyrean Capital Partners to Motion Pursuant to Rule 9019 Filed by Eric Fisher on behalf of CVF II LUX FINCO, LLC, CVF Lux Finco, LLC, CVF Lux Master S.a.r.l., CVF Lux Securities Trading S.a.r.l., CVI AA Lux Master S.a.r.l., CVI AA Lux Securities S.a.r.l., CVI AV Lux Master S.a.r.l., CVI AV Lux Securities S.a.r.l., CVI CHVF Lux Master S.a.r.l., CVI CHVF Lux Securities S.a.r.l., CVI CVF II Lux Master S.a.r.l., CVI CVF II Lux Securities Trading S.a.r.l., CVI CVF III Lux Master S.a.r.l., CVI CVF III Lux Securities S.a.r.l., CVI GVF (Lux) Master S.a.r.l., CVI GVF Lux 12 S.a.r.l., CVI HH Investments LP, CVIC II Lux Master S.a.r.l., CVIC II Lux Securities Trading S.a.r.l., CVIC Lux Master S.a.r.l., CVIC Lux Securities Trading S.a.r.l., CarVal GCF Lux Master S.a.r.l, CarVal GCF Lux Securities S.a.r.l., Empyrean CapitalPartners, LP. (Fisher, Eric) Less
Debtor: 08-13555 Lehman Brothers Holdings Inc.

 

[duetto]

Honorable Shelley C. Chapman

Monday, June 25, 2018

11:00 AM


08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Adversary proceeding: 08-01420-scc Lehman Brothers Inc.
Doc #14568 Trustees Motion for Orders (I) Authorizing a Sixth Interim Distribution to Holders of Allowed General Unsecured Claims with a Record Date of June 30, 2018, (II) Approving the Procedures and Related Documents, and (III) Authorizing the Trustee to Effectuate the Accelerated Final Distribution Election



Adversary proceeding: 08-01420-scc Lehman Brothers Inc.
Doc# 14601 Statement / Supplemental Notice of Accelerated Final Distribution Election (related document(s)14568)

 

[duetto]

Docket # 58311

Filed Jun 22 2018

Transfer Agreement FRBP. Transfer Agreement 3001 (e) 2 Transferors: Banc of America Credit Products, Inc. (Claim No. 37433, Amount \$25,000,000.00) To Fifth Street Station LLC (related document(s)[57411]) filed by Paul B. Haskel on behalf of Fifth Street Station LLC. (Haskel, Paul)
Debtor: 08-13555 Lehman Brothers Holdings Inc.
Related Dockets

Ieri, traferiti oltre 100 milioni di dollari di claims da Banc of America Credit Products, Inc. a Fifth Street Station LLC

 

[duetto]

LA MORTE MISTERIOSA DI PIETRO MENNEA (MORTO A SOLI 60 ANNI) CHE SI OCCUPAVA DI UNA CLASS ACTION CONTRO LA LEHMAN BROTHERS SOCIETA' VICINA AI ROCKEFELLER

2-Nel 2010 (3 anni prima di morire) aveva iniziata ad occuparsi di una class action negli Stati Uniti per difendere alcuni risparmiatori finiti nel crac della Lehman Brothers, (1) societa' vicina ai Rockefeller

IL SAPERE E' POTERE 2: LA MORTE MISTERIOSA DI PIETRO MENNEA (MORTO A SOLI 60 ANNI) CHE SI OCCUPAVA DI UNA CLASS ACTION CONTRO LA LEHMAN BROTHERS SOCIETA' VICINA AI ROCKEFELLER

Quante inesattezze!