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Lehman Brothers

205 Posts, Pagina: « 1 2 3 4 5 6 7 8 9 10 11 » | Laatste
jus1711
0
Volgende Uitkering :
"Subject to the consummation of the Settlement (as defined in the Motion), and notwithstanding anything to the contrary in the Plan or a prior order of the Court: (A) the Plan Administrator is authorized to schedule the fourteenth Distribution Date on or about December 7, 2017 and (B) for the purposes of any such fourteenth Distribution Date, the Plan Administrator shall not be required to recognize any Claim transfer occurring during the period commencing after October 15, 2017, and any such Claim transfers shall, for Distribution purposes only, be deemed to have occurred immediately after such Distribution Date."
jus1711
0
Uitkering Lehman per 7 December : 2,877 mio dus vergelijkbaar met vorige uitkering.Benieuwd, wanneer Treasury BV met berichtgeving komt.
dm.epiq11.com/#/case/LBH/documents
DeZwarteRidder
1
Notice from Lehman Brothers Treasury Co. B.V. in liquidation ("LBT")
22 December 2017
Reference is made to the Composition Plan which became effective on 3 April 2013.
Capitalised terms used in this notice have the meaning ascribed to them in the Composition Plan, which is available on the LBT Website: www.lehmanbrotherstreasury.com.
LBT advises that it intends to make its twelfth distribution on Outstanding Series of Notes and on Acknowledged Other Ordinary Claims commencing on 16 January 2018. This date is set as the Distribution Date, but distributions may be delayed should market circumstances so dictate.
1
The indicative distribution rate of this twelfth distribution, calculated as Available Cash converted into EUR and expressed as a percentage of the sum of Acknowledged Claims
(denominated in EUR) is 1.18%.
3
Distributions are made in accordance with and subject to the Composition Plan; explicit reference is made to the Distribution Provisions described in Article 3.3. of the Composition Plan.
jus1711
0
Het potje is nog steeds niet leeg :
In accordance with sections 1.48 and 8.3 of the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors, dated December 5, 2011 [ECF No. 22973] (the “Plan”),1 and the Order In Aid of Execution of The Modified Third Amended Chapter 11 Plan of Lehman Brothers Holdings Inc. And Its Affiliated Debtors, dated January 31, 2013 [ECF No. 34348] (the “Order”), the fifteenth Distribution Date is scheduled for April 5, 2018 (the “Fifteenth Distribution Date”).

Nog geen berichtgeving over uit te keren bedrag.

dm.epiq11.com/#/case/LBH/documents
DeZwarteRidder
0
Ik krijg net bericht dat er een bod gedaan is van 7% op de Lehman Brothers UK Cap Fund 2005 door Scalene Funding.
Dit bod is vele malen hoger dan het bod van Deutsche Bank...!!
DeZwarteRidder
0
quote:

DeZwarteRidder schreef op 28 februari 2018 17:58:

Ik krijg net bericht dat er een bod gedaan is van 7% op de Lehman Brothers UK Cap Fund 2005 door Scalene Funding.
Dit bod is vele malen hoger dan het bod van Deutsche Bank...!!
Omdat grote beleggers alles willen opkopen, heb ik maar besloten om niet aan te melden, in afwachting van wellicht zeer positieve ontwikkelingen. Mijn kostprijs was bijna niks.
Lehman Brothers UK heeft een groot probleem, nl. te veel geld in kas...!!
DeZwarteRidder
0
quote:

DeZwarteRidder schreef op 28 februari 2018 17:58:

Ik krijg net bericht dat er een bod gedaan is van 7% op de Lehman Brothers UK Cap Fund 2005 door Scalene Funding.
Dit bod is vele malen hoger dan het bod van Deutsche Bank...!!
www.google.nl/url?sa=t&rct=j&...
DeZwarteRidder
0
Rechter regelt compensatie Lehman Brothers

Gepubliceerd op 9 mrt 2018 | Views: 457

NEW YORK (ANP/AFP) - De boedel van de failliete Amerikaanse bank Lehman Brothers moet 2,4 miljard dollar neertellen als compensatie voor de rol van de bank in de hypotheekcrisis van 2008. Dat heeft een rechter in de Verenigde Staten bepaald. Het bedrag is een stuk lager dan de 11,4 miljard dollar waar sommige hedgefondsen in de zaak op uit waren.

Het gaat om de duizenden gesecuritiseerde hypotheekleningen die Lehman Brothers voor 2008 aan de man bracht en waarbij later allemaal problemen aan het licht kwamen. Het gedoe met de rommelhypotheken leidde ook tot de ondergang Lehman Brothers zelf, wat weer voor een omvangrijke crisis binnen het mondiale financiële systeem zorgde.

De rechtszaak over deze vergoeding was erg ingewikkeld. Uiteindelijk lukte het ook niet om een goede nieuwe inschatting te maken van de waarde van alle ingediende claims. Daarom is bij het bepalen van het bedrag uiteindelijk teruggegrepen op een oudere schatting door institutionele beleggers.
DeZwarteRidder
0
Fight over Lehman Brothers’ mortgage claims finally over

By Kevin Dugan

March 8, 2018 | 10:11pm

After 10 years, the fight over Lehman Brothers’ mortgage claims is over.

In a final dispute over the defunct bank’s residential mortgage-backed securities, a Manhattan bankruptcy court judge dealt a group of mostly hedge funds a whopping defeat.

Judge Shelley Chapman ruled Thursday, after a 22-day trial, that the hedge funds were entitled to about $2.4 billion from Dick Fuld’s bank — far less than the $11.4 billion they sought at trial and the $37 billion they had first claimed they were due, according to Bloomberg News.

Trustees for the RMBS holders failed to meet a “burden of proof” to show Lehman breaches on the 72,000 mortgages, Chapman ruled.

Among the funds suing Lehman are BlueMountain Capital, a major credit investor, which is run by Chief Investment Officer Andrew Feldstein.
DeZwarteRidder
0
Fifteenth Distribution Percentages Announced for Lehman Brothers Holdings Inc. and Its Debtor Affiliates
March 29, 2018 07:16 AM Eastern Daylight Time

NEW YORK--(BUSINESS WIRE)--Lehman Brothers Holdings Inc. (“LBHI”), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on April 5, 2018 to holders of allowed claims against LBHI and its various affiliated Debtors (collectively, “Lehman”).

Lehman’s aggregate fifteenth distribution to unsecured creditors pursuant to its confirmed chapter 11 plan will total approximately $2.6 billion. This distribution includes (1) $2.3 billion of payments on account of third-party claims, which includes non-controlled affiliate claims, and (2) $0.4 billion of payments among the Lehman Debtors and their controlled affiliates (see Exhibit B to the court filing, Docket # 57808, for further detail). Cumulatively through the fifteenth distribution, Lehman’s total distributions to unsecured creditors will amount to approximately $124.6 billion including (1) $92.2 billion of payments on account of third-party claims, which includes non-controlled affiliate claims, and (2) $32.4 billion of payments among the Lehman Debtors and their controlled affiliates.

In accordance with the chapter 11 plan, which was confirmed on December 6, 2011, and subject to available funds, the Lehman Debtors’ sixteenth distribution to creditors is anticipated to be made within 5 business days of September 30, 2018.

The chapter 11 plan, related disclosure statement and other filings, including the filing referred to above, can be found at www.lehman-docket.com in the “Key Documents” section. Questions relating to the distribution can be directed to the Debtors’ claims agent, Epiq Systems, Inc., at 1-866-879-0688 (U.S.) and 1-503-597-7691 (Non-U.S.).
jus1711
0
Notice from Lehman Brothers Treasury Co. B.V.
in liquidation
("LBT")
18 April 2018
Reference is made to the Composition Plan which became effective on 3 April 2013.Capitalised terms used in this notice have the meaning scribed
to them in the Composition Plan, which is available on the LBT Website: www.lehmanbrotherstreasury.com . LBT advises that it intends to make its thirteenth distribution on Outstanding Series of Notes and on acknowledged Other Ordinary Claims commencing on 2 May 2018. This date
is set as the Distribution Date,but distributions may be delayed should
market circumstances so dictate.
The indicative distribution rate of this thirteenth distribution, calculated as Available Cash converted into EUR1 and expressed as a percentage of the sum of Acknowledged Claims (denominated in EUR) is 0.43%.
DeZwarteRidder
0
quote:

DeZwarteRidder schreef op 28 februari 2018 17:58:

Ik krijg net bericht dat er een bod gedaan is van 7% op de Lehman Brothers UK Cap Fund 2005 door Scalene Funding.
Dit bod is vele malen hoger dan het bod van Deutsche Bank...!!
Ik werd opgebeld door de bank: er is weer een bod gedaan door een grote partij nu van 10%.

Helaas kan ik ze niet meer op de beurs kopen, want mijn bank blokkeert deze orders.
jus1711
0
Heb nog wat in portefeuille, maar nog geen bericht ontvangen van mijn bank, wie heeft bod uitgebracht?
DeZwarteRidder
0
quote:

jus1711 schreef op 26 juni 2018 15:11:

Heb nog wat in portefeuille, maar nog geen bericht ontvangen van mijn bank, wie heeft bod uitgebracht?
Weer Scalene met een verhoogd bod.

Hou ze maar lekker vast, want de uitkering kan wel eens enorm hoog worden.

www.pwc.co.uk/services/business-recov...
jus1711
0
Was van plan ze te verkopen, maar hou ze nu dan toch maar vast. gokje is nooit weg. dank voor de info
shaai
0
Op de 'gewone' Lehman (LBT bv) Notes komt ook weer geld.
seekingalpha.com/news/3369355-lehman-...
Ik neem aan dat LBT niet aan die final payout meedoet, dus weer 0,75% en ongoing
DeZwarteRidder
0
quote:

shaai schreef op 24 augustus 2018 09:42:

Op de 'gewone' Lehman (LBT bv) Notes komt ook weer geld.
seekingalpha.com/news/3369355-lehman-...
Ik neem aan dat LBT niet aan die final payout meedoet, dus weer 0,75% en ongoing
Lehman Brothers trustee offers accelerated final payout for some creditors
Jul. 11, 2018 11:24 AM ET|By: Liz Kiesche, SA News Editor

Almost 10 years after Lehman Brothers collapsed, the trustee in charge of the defunct Wall Street firm's estate is offering creditors an option to cash out by participating in an accelerated final distribution.

Eligible general unsecured creditors can either: 1) receive a distribution equal to 0.75% of the allowed general unsecured claim and retain the rights to any future distributions the trustee may make; or 2) sell the claim to the sponsor--Deutsche Bank London branch--for a distribution equal to 2.23% of the allowed general unsecured claim (the 0.75% plus an additional payment of 1.48%).

Claimants choosing the second option will no longer own their claim and will not receive future distributions.

The deadline to participate in the accelerated final distribution election is Aug. 16, 2018 and disbursements are expected to occur in the second week of September.

As of March 31, 2018, the trustee reported LBI estate assets at $547M, which are projected to decrease to about $377M after the sixth interim distribution in September.

The final claim still in litigation by a group of claimants relates to over $260M, which the trustee has reserved for at 100% and is included in the estate's assets figure reported above.
DeZwarteRidder
0
quote:

shaai schreef op 24 augustus 2018 09:42:

Op de 'gewone' Lehman (LBT bv) Notes komt ook weer geld.
seekingalpha.com/news/3369355-lehman-...
Ik neem aan dat LBT niet aan die final payout meedoet, dus weer 0,75% en ongoing
LBI is niet hetzelfde als LBHI en ook de genoemde bedragen kloppen niet.
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