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considerato che il miliardo arrivato da JP Morgan non dovrebbe essere stato distribuito, mi sembra ottimo!!!
Adesso come al solito incrociamo le dita per le notizie dall'Olanda.
Duetto tu che ne pensi?!
Il dato aggregato di 3 miliardi di dollari in distribuzione il 6 Aprile è congruo rispetto ai dati in nostro possesso, nonostante le richieste congiunte di pagamento di spese di Amministrazione e Legali
A) Class 3 Senior Unsecured 1.305082% ( possessori di LBHI )
B) Class 5 Senior Third‐Party Guarantee 0.856369% ( possessori di LBT )
Attenzione: i possessorri di obbligazioni LBT avranno il 6 Aprile la percentuale sopra indicata alla lettera B) direttamente da LBHI. Nel mese successivo ci sarà un'altra distribuzione sempre per possessori di LBT proveniente dalla procedura fallimentare olandese che si aggiunge all'attuale. Come da prassi consolidata!
14 Institutional Investors In RMBS Issued By Lehman Announce Binding Offer By The Plan Administrator To The Lehman Estate To Four RMBS Trustees To Settle Mortgage Repurchase Claims For 244 RMBS Trusts
HOUSTON, April 3, 2017
Today, 14 institutional investors represented by Gibbs & Bruns LLP ("Institutional Investors") announced they have reached an agreement with the Plan Administrator for Lehman Brothers Holdings Inc. and the other Debtors in the Lehman Bankruptcy Proceeding (the "Plan Administrator") under which the Plan Administrator has made a binding offer ("Offer") to the Trustees for 244 RMBS Trusts issued by Lehman (or into which Lehman contributed mortgages) to settle mortgage repurchase claims in respect of Covered Loans. The Institutional Investors support the agreement and have asked the Trustees to accept it. The Trusts included in the Offer are listed on Exhibit "A."
Robert Madden, counsel for the Institutional Investors, calls this announcement, "an important capstone to our clients' efforts to address the problems of ineligible mortgages in residential mortgage-backed securitizations." "Fair and efficient resolutions like this one," he added, "have been transformative for the market and for investors."
The Trustees will have until June 1, 2017 to accept the Offer. The Offer includes the following key terms:
The allowed amount of the mortgage repurchase claims submitted under the existing loan review protocol in respect of Covered Loans will be determined by the Lehman Bankruptcy Court in an estimation proceeding to commence in October 2017;
In the estimation proceeding, the Plan Administrator and the Trustees each will have the opportunity to present evidence to support their views as to the allowable value of the Covered Loan Claims submitted by the Trustees under the protocol that had been established by the Bankruptcy Court;
Despite the evidence presented, the Plan Administrator has agreed to request that the Trusts' claims on account of Covered Loans be allowed in the amount of $2.416 billion (the Institutional Investors previously negotiated a proposed settlement at that level and agree that a settlement at that level is fair and reasonable) and that if the Bankruptcy Court determines the claims in a range of $2.00 billion to $2.416 billion, to nevertheless allow the claim in the amount of $2.416 billion;
In exchange for the Plan Administrator's agreement to request a $2.416 billion claim in respect of Covered Loan Claims, rather than a lower claim, the Trustees will waive their right to appeal a Bankruptcy Court decision so long as the Bankruptcy Court determines the claim in an amount greater than $2.0 billion;
The Plan Administrator has agreed to waive its right to appeal the Bankruptcy Court's determination; and
A release of all repurchase claims that have been or could have been asserted by the Trusts in respect of Covered Loans.
