duca77
Nuovo forumer
Caro Duetto grazie per il tempo e la pazienza con cui ti dedichi a questo forum!
Spero che lo scenario ottimistico proposto da Camill Two si avveri, nel frattempo non posso che seguirvi e sperara in buone nuove.
LEHMAN BROTHERS QUARTO ATTO
- Creatore Discussione duetto
- Data di Inizio
Spero che lo scenario ottimistico proposto da Camill Two si avveri, nel frattempo non posso che seguirvi e sperara in buone nuove.
duetto
Forumer storico
Vulture hedge fund Elliott Management seeking to strip hundreds of millions from carcass of Lehman Brothers in legal battle over debts
Lehman is being wound up by PwC, which has already doled out £35bn and has up to £8bn more to spread around.
A UK High Court ruling this week said that £5bn should go to senior creditors before Elliott and other junior creditors.
But the hedge fund was given a boost when the court dismissed a separate £2bn claim made by another group of creditors. This has put Elliott in a much stronger position than it was before, as there is now less competition for the remaining cash.
The hedge fund has a long and controversial history of aggressively targeting underperforming firms – and has never been afraid of using legal action to get its way.
Read more: US vulture Elliott fights for £1bn from carcass of Lehman | This is Money
Lehman is being wound up by PwC, which has already doled out £35bn and has up to £8bn more to spread around.
A UK High Court ruling this week said that £5bn should go to senior creditors before Elliott and other junior creditors.
But the hedge fund was given a boost when the court dismissed a separate £2bn claim made by another group of creditors. This has put Elliott in a much stronger position than it was before, as there is now less competition for the remaining cash.
The hedge fund has a long and controversial history of aggressively targeting underperforming firms – and has never been afraid of using legal action to get its way.
Read more: US vulture Elliott fights for £1bn from carcass of Lehman | This is Money
duetto
Forumer storico
Lehman Brothers Finance AG (in liquidation) and Lehman Brothers International (Europe) (in administration) announce signing of settlement agreement – 22 February 2013
The Joint Administrators are pleased to announce the signing of a settlement deed with Lehman Brothers Finance AG (“LBF”) which settles substantially all the financial arrangements between the parties. The relationship between LBIE and LBF is one of the most complex and material affiliate relationships covering securities settlement and custody, secured financing, OTC / Exchange Traded derivatives and Prime Broker. The agreement is subject to the finalisation of Swiss approval processes applicable to both LBIE (in so far as the settlement impacts its ancillary Swiss insolvency proceeding) and LBF.
Tony Lomas, Joint Administrator, commented "This settlement has been a long time in the making but we are pleased that it is now agreed between us and subject only to Swiss regulatory and creditor consents. The settlement has considerable benefits for LBIE as we continue to firm up plans for the 2013 distributions to our unsecured creditors and client money claimants."
The agreement, once approved, will secure a settlement at the levels modelled for LBF in the High Case Indicative Financial Outcome as set out in the Joint Administrators’ Eighth Progress Report to 14 September 2012 and eliminate the downside sensitivities in the Low Case outcome.
Outline Terms of Agreement:
- $200m cash payment to LBF on deal approval
- $450m assets/ asset proceeds to be retained by LBIE with balance of $650m to be returned to LBF (subject to potential realisation adjustment and to resolution of Extended Liens)
- Assignment of any potential LBF client money claim to LBIE’s nominee
- Conclusion of Back to Back side letter litigation
- Granting of immediate mutual temporary reserving agreements
Lehman Brothers Finance AG (in liquidation) and Lehman Brothers International (Europe) (in administration) announce signing of settlement agreement – 22 February 2013
duetto
Forumer storico
Contenzioso Fondazione Enasarco-Lehman Brothers Finance
07/07/2016
Lehman Brothers Finance:il giudice d’appello di Londra si pronuncia definitivamente a favore di Enasarco
http://www.enasarco.it/allegati/2e61f74c-447f-4dab-bb34-b45a52b490fa.olts
07/07/2016
Lehman Brothers Finance:il giudice d’appello di Londra si pronuncia definitivamente a favore di Enasarco
http://www.enasarco.it/allegati/2e61f74c-447f-4dab-bb34-b45a52b490fa.olts
Camill_two
Nuovo forumer
In Inghilterra (paese molto più civile di altri) il risparmio è tutelato e molto poco tassato. In Italia siamo all'antitesi.
duetto
Forumer storico
Bloomberg: Revealed - Citi trader's gleeful messages after fall of Lehman
As U.S. officials and bank executives scrambled to save the global financial system after Lehman Brothers’s bankruptcy in the fall of 2008, Citigroup traders were doing what traders always try to do.
"Ringing the register, homey,” a trader in the bank’s credit derivatives trading unit, said in a chat message at 6:40 a.m. on Sept. 17, two days after Lehman’s bankruptcy. Subject line: "YOU MAKING $$$."
Bloomberg News reports that his gleeful boast - along with at least a dozen from others - came as Citigroup’s top traders were furiously trying to deal with thousands of derivatives terminated by Lehman’s collapse. Contained in chat messages and recordings from that turbulent September week, the exchanges are the most colorful, if not potentially damaging, evidence so far in a civil trial on allegations that Citigroup inflated its $2 billion bankruptcy claim related to those derivatives.
At the time of the bankruptcy, Lehman Brothers and Citigroup had entered into more than 30,000 derivatives trades tied to an estimated $1.18 trillion of wagers on everything from interest rates to corporate and sovereign debt. Lehman’s bankruptcy gave New York-based Citigroup the right to determine its damages
Bloomberg: Revealed - Citi trader's gleeful messages after fall of Lehman
Dopo Barclays. dopo JPMorgan, è la volta di Citibank. Nel processo che la riguarda si contornano sempre più nitidamente responsabilità e profitti da rapaci!
As U.S. officials and bank executives scrambled to save the global financial system after Lehman Brothers’s bankruptcy in the fall of 2008, Citigroup traders were doing what traders always try to do.
"Ringing the register, homey,” a trader in the bank’s credit derivatives trading unit, said in a chat message at 6:40 a.m. on Sept. 17, two days after Lehman’s bankruptcy. Subject line: "YOU MAKING $$$."
Bloomberg News reports that his gleeful boast - along with at least a dozen from others - came as Citigroup’s top traders were furiously trying to deal with thousands of derivatives terminated by Lehman’s collapse. Contained in chat messages and recordings from that turbulent September week, the exchanges are the most colorful, if not potentially damaging, evidence so far in a civil trial on allegations that Citigroup inflated its $2 billion bankruptcy claim related to those derivatives.
At the time of the bankruptcy, Lehman Brothers and Citigroup had entered into more than 30,000 derivatives trades tied to an estimated $1.18 trillion of wagers on everything from interest rates to corporate and sovereign debt. Lehman’s bankruptcy gave New York-based Citigroup the right to determine its damages
Bloomberg: Revealed - Citi trader's gleeful messages after fall of Lehman
Dopo Barclays. dopo JPMorgan, è la volta di Citibank. Nel processo che la riguarda si contornano sempre più nitidamente responsabilità e profitti da rapaci!
duetto
Forumer storico
LBHI RMBS Trustees' Notice of Motion Seeking Approval of Settlement in Lehman Bankruptcy Cases
May 22, 2017
NOTICE OF MOTION OF LEHMAN BROTHERS HOLDINGS INC. PURSUANT TO FED. R. BANKR. P. 9019 AND 11 U.S.C. 105(A) FOR ENTRY OF ORDER (A) APPROVING RMBS SETTLEMENT AGREEMENT, (B) MAKING CERTAIN REQUIRED FINDINGS REGARDING DECISION OF RMBS TRUSTEES AND LBHI DEBTORS TO ENTER INTO RMBS SETTLEMENT AGREEMENT, (C) SCHEDULING ESTIMATION PROCEEDING TO DETERMINE RMBS CLAIMS AND APPROVING RELATED PROCEDURES REGARDING CONDUCT OF HEARING, AND (D) GRANTING RELATED RELIEF
LBHI RMBS Trustees' Notice of Motion Seeking Approval of Settlement in Lehman Bankruptcy Cases
May 22, 2017
NOTICE OF MOTION OF LEHMAN BROTHERS HOLDINGS INC. PURSUANT TO FED. R. BANKR. P. 9019 AND 11 U.S.C. 105(A) FOR ENTRY OF ORDER (A) APPROVING RMBS SETTLEMENT AGREEMENT, (B) MAKING CERTAIN REQUIRED FINDINGS REGARDING DECISION OF RMBS TRUSTEES AND LBHI DEBTORS TO ENTER INTO RMBS SETTLEMENT AGREEMENT, (C) SCHEDULING ESTIMATION PROCEEDING TO DETERMINE RMBS CLAIMS AND APPROVING RELATED PROCEDURES REGARDING CONDUCT OF HEARING, AND (D) GRANTING RELATED RELIEF
LBHI RMBS Trustees' Notice of Motion Seeking Approval of Settlement in Lehman Bankruptcy Cases
duetto
Forumer storico
Honorable Shelley C. Chapman
Tuesday, May 23, 2017
10:00 AM
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Adversary proceeding: 12-01044-scc Lehman Brothers Holdings Inc. et al v. CITIBANK, N.A. et al
LBHI v. Citibank Trial
Anche oggi tutta la mattinata impegnata con processo Citi.
Tuesday, May 23, 2017
10:00 AM
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Adversary proceeding: 12-01044-scc Lehman Brothers Holdings Inc. et al v. CITIBANK, N.A. et al
LBHI v. Citibank Trial
Anche oggi tutta la mattinata impegnata con processo Citi.
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