LEHMAN BROTHERS QUARTO ATTO

Scusa la mia ignoranza Duetto.
SE nascesse la NewCo gli obbligazionisti senior LBHI come me FORSE potrebbero avere delle azioni della nuova società ? O verrebbero date solo ai vecchi azionisti ? Non capisco cosa potrebbe accadere. Grazie della risposta se potrai e vorrai darmela.
Tutto ruota intorno al concetto di satisfied in full, previsto dalla normativa fallimentare.

Nel caso che ci interessa , ci sono due scuole di pensiero:

A) creditori completamente risarciti

B) creditori completamente tacitati.

Questo a grandi linee.

Comprendete bene come le due cose siano divergenti.

Personalmente propendo con la seconda, ma il mio giudizio vale nulla.

Ecco perchè più volte ho già scritto che una chiusura ravvicinata ( prima del 2025 ) delle procedura fallimentare non potrebbe prescindere da un accordo con i creditori residui. Nella consapevolezza che il loro numero oggi è nettamente inferiore a quello di 2/3 anni fa e, questo, potrebbe facilitare un eventuale accordo.

Come realizzarlo? Ad esempio tacitando gli obbligazionisti, per la misura del loro credito ancora non soddifatto, con l'attribuzione di azioni della NewCo.

A cascata conversione delle vecchie azioni con una percentuale a sconto di nuove azioni, per gli azionisti.

Tenete presente che stiamo al momento parlando solo di ipotesi.

Se dovessero essrci novità, non dubitate, pubblico subito.
 
A tal proposito:

"In the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, the Plan Trust may receive Stock Distributions which will then be distributable among the Beneficiaries consistent with each Beneficiary’s rights of payment as holders of LBHI Stock existing immediately prior to the Commencement Date"
 
Da considerare anche che:

Dated: New York, New York September 14, 2022

/s/ Shelley C. Chapman

HONORABLE SHELLEY C. CHAPMAN UNITED STATES BANKRUPTCY JUDGE

ORDERED that the Motion is GRANTED; and it is further

ORDERED that pursuant to section 554(a) of the Bankruptcy Code, Section 6.1(b)(iii) of the Plan, and Paragraph 6 of the Confirmation Order, the Plan Administrator is authorized to abandon the Records commencing fourteen (14) business days following entry of this Order (the “Effective Date”); and it is further

ORDERED that, on the Effective Date, the Records shall no longer constitute property of the Debtors’ estates pursuant to section 541(a) of the Bankruptcy Code and the Plan Administrator and its professionals will have no further responsibility or obligations with respect to the Records, including with respect to subpoenas, document requests, or litigation holds; and it is further

ORDERED that the Plan Administrator shall make payments to maintain the Records until the Effective Date; and it is further

ORDERED that, on the Effective Date, the Plan Administrator shall no longer be required to make further payments related to the Records; and it is further

ORDERED that, commencing on the Effective Date or promptly thereafter, the destruction and termination of any and all of the Records shall be effectuated; and it is further

ORDERED that within five (5) business days of the completion of the destruction of the Records, all third-party service providers shall provide the Plan Administrator certification of such destruction; and it is further

ORDERED that the Plan Administrator is authorized and empowered to take such actions as may be necessary and appropriate to implement the terms of this Order; and it is further

ORDERED that this Court shall retain jurisdiction to hear and determine all matters arising from or related to this Order.
 
Docket # 61498

Filed Sep 19 2022

Designation of Contents (appellant). and Statement of Issues (related document(s)[61493]) filed by Rex Wu. (Attachments: # (1) Statement of Issues # (2) Exhibit # (3) Exhibit # (4) Exhibit # (5) Exhibit # (6) Exhibit # (7) Exhibit # (8) Exhibit)(Rouzeau, Anatin)
Debtor 08-13555 Lehman Brothers Holdings Inc.
Related Dockets
 
Docket # 61499

Filed Sep 21 2022

Letter re: Suburban Mortgage, Inc.s Responses and Objections Pursuant to Fed. R. Bank. P. 9033 to the Courts August 16, 2022 Memorandum Decision and Order Denying Motion to Dismiss RMBS Complaint for Lack of Subject Matter Jurisdiction and Standing Filed by Lani Aloha Adler on behalf of Suburban Mortgage, Inc.. (Attachments: # (1) Responses and Objections of Suburban Mortgage, Inc. to Decision dated Aug. 16, 2022 Denying Motion to Dismiss for Lack of Standing)(Adler, Lani) Less
Debtor 08-13555 Lehman Brothers Holdings Inc.
 
Honorable Shelley C. Chapman

Wednesday, September 28, 2022


09:00 AM
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Adversary proceeding: 08-01420-scc Lehman Brothers Inc. et al
Omnibus Hearing

Adversary proceeding: 08-01420-scc Lehman Brothers Inc. et al
Doc #15406 Final Application of Hughes Hubbard & Reed LLP for (I) Final Allowance of Compensation for Services Rendered and Reimbursement of Actual and Necessary Expenses Incurred from September 19, 2008 Through July 31, 2022, (II) Release of Remaining Hold Back, and (III) Related Relief.

Adversary proceeding: 08-01420-scc Lehman Brothers Inc. et al
Doc #15407 Trustees Motion for Order Discharging Trustee, Canceling His Bond, Closing the Estate, and Granting Related Relief

 
Anche per questa settimana è tutto.

Auguro a tutti voi buon voto, qualunque esso sia.

Non si può sempre vivere nella paura: a quella per lo spread seguì quella per il covid, poi quella per altri virus, poi ancora quella per la guerra e le bollette, ora evocano la paura per un ritorno al fascismo.

Non abbiate timori, votate chi vi pare.

Poi leggi le dichiarazioni della Von der Leyen, il ricatto all'Italia per le elezioni ( che a questo punto di libere hanno ben poco ) e ti cascano le braccia.

Intanto esercitiamo un diritto per cui tanti italiani hanno sacrificato la propria vita: servirà anche per comprendere meglio a che punto di idiozia siamo arrivati.
 
Docket # 61500

Filed Sep 26 2022

Certificate of Service / Proof of Service, (related document(s)[61498]) filed by Rex Wu. (Lopez, Mary)
Debtor 08-13555 Lehman Brothers Holdings Inc.
Related Dockets
 

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