Lehman Brothers Holdings Inc. (LEH)
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Der Link auf die unterschriebenen Zurückziehungen ist zwar blockiert, doch lässt sich die zurückzogene Summe an Hand derer Claim-Numbers 20031, 20032, 20065 und 20066 auf 128.473,34 plus 127.521,81 plus 128.473,34 plus 127.521,81 U$-Dollar beziffern, insgesammt also auf 511.990,30 U$-Dollar errechnen...
HILFE! - (Taschen-Rechner)...
request to file OMNIBUS objections to creditors claims":
http://www.finanznachrichten.de/...-plan-on-claims-objections-020.htm
Und morgen reden wir dann nochmals über die GAPPING-Frage...
http://www.finanznachrichten.de/...speed-up-claims-objections-020.htm
"NEW YORK, Jan 13 (Reuters) - A U.S. bankruptcy judge on Wednesday approved a Lehman Brothers Holdings Inc plan to speed up the process of resolving some 65,000 creditor claims by handling certain objections in bulk.
At a hearing in U.S. Bankruptcy Court in Manhattan, Judge James Peck approved the plan, saying it would apply to all creditors except 10 who still opposed Lehman's plan and would be given an opportunity to object to it in February.
Lehman had sought approval of the plan to file so-called 'omnibus' objections to creditors' claims, saying the process would be more efficient than objecting to each claim individually and help it keep its bankruptcy case on track. The plan could affect some $830 billion in creditors' claims against Lehman.
The plan will 'streamline the claims process that we feel would otherwise overwhelm our resources as well as the resources of the court,' Shai Waisman, a Weil Gotshal&Manges attorney representing Lehman Brothers, said at the hearing"...
Ein US-Konkursgericht hat dem Plan der bankrotten Investmentbank Lehman für eine beschleunigte Entschädigung geprellter Anleger zugestimmt. Der Vorschlag bedeute eine Verbesserung des Verfahrens, erklärte der zuständige Richter am Mittwoch. Lehman will unter dem Programm die Ansprüche von rund 65.000 Anlegern im Umfang von rund 830 Mrd. Dollar (570 Mrd. Euro) abwickeln.
Die zehn Gläubiger, die wie die französische Societe Generale Einwände gegen den Plan haben, werden vorerst ausgenommen und können ihre Argumente im Februar dem Gericht vortragen.
http://www.salzburg.com/online/nachrichten/...mp;text=&mode=&
Bryan Marsal, whose Alvarez & Marsal firm has been paid more than $200 million so far to liquidate Lehman, has said that investing in discounted loans can generate more money for creditors in the next five years. The loans he is buying have a face value of $3.5 billion.
“In most cases, a bankrupt company that is not planning on emerging as a going concern would see its assets liquidated,” Marsal said in an interview. “Had the assets of the Lehman estate been disposed of in a fire-sale liquidation, we would have realized maybe $10 billion to $20 billion.” By taking more time, he might recover $40 billion to $50 billion, he said.
The more money Marsal brings in to Lehman’s bankrupt estate, the more its creditors can recover -- and the more his New York-based restructuring firm will make in bonuses.
The firm’s contract with Lehman entitles it to a bonus of 0.175 percent of all amounts above $15 billion recovered for unsecured creditors. That’s capped at 25 percent of the fees A&M gets for dismantling Lehman, according to court documents. Based on fees collected so far, the bonus cap would be $50 million.
Lehman and its affiliates had $16.3 billion in cash on Nov. 30, according to a December filing in U.S. Bankruptcy Court in Manhattan. Creditors currently are claiming as much as $830 billion from the estate, Marsal said.
Lehman, once the fourth-largest investment bank, said it foundered because of deteriorating subprime and structured investments. It filed the biggest U.S. bankruptcy in September 2008 with mostly unsecured debts of $613 billion.
Goal: $50 Billion
Marsal said he is “trying to clean up the errors and duplicates” in creditor claims and aims to raise as much as $50 billion from Lehman’s real estate, banking and other assets in the next three to five years.
By buying loan participations and mortgages from Lehman’s German bank affiliate, insolvent Lehman Brothers Bankhaus, Lehman is enhancing its ability to sell the good loans as they recover, and to work out the bad loans, he said.
The commercial and real estate participations range from development lending to a Japanese five-year term loan, filings show. Marsal said the investment involved “purchases of parts of the loan” that Lehman earlier shared with the affiliate, not a new venture “from scratch.”
‘Marsal’s job is not to take risks and speculate in a financial casino,” said Lynn LoPucki, a professor of bankruptcy law at the University of California, Los Angeles and Harvard. “That’s the ‘Masters of the Universe’ syndrome that got the country in trouble in the first place. The bankruptcy code doesn’t give him authority to speculate in assets with creditors’ money.”
Creditors Support
Lehman’s creditors support the purchase proposal, though they had initial misgivings.
“It cannot be disputed that the transactions are extraordinary -- both in terms of dollar amount and because liquidating debtors-in-possession are seeking authority to acquire assets,” said Lehman’s official committee of creditors in a Dec. 30 court filing.
While Marsal is betting on higher prices later, creditors said the loans’ value “remains subject to market risk.” “Prior to conducting its diligence, the committee was dubious of the merits and propriety of the transaction envisioned,” they said in the filing.
The bankruptcy judge will decide if the risk is worth taking, given the possible return.
Marsal said he has no “crystal ball” to predict the future. “Do I know what tomorrow will bring? No. But the creditors were given the option of a fire sale or longer orderly wind-down of the assets, and they chose the latter because of the superior recovery prospects,” he said.
Uranium Precedent
Marsal showed his investment instincts earlier by hoarding uranium cake he found on Lehman’s books on a bet that prices for the commodity would rise. At about $40.50 per pound in April 2009, the stockpile of as much as 500,000 pounds was valued at $20 million. Uranium oxide concentrate or yellowcake was $44.50 a pound, Roswell, Georgia-based UxC Consulting Co. said in Jan. 11 report.
Lehman has been raising cash at the rate of $1 billion a month by selling assets and aims to increase cash in the coming year by $500 million a month, he said.
“Our hope is that the liquidity in the market will continue to improve and we can accelerate the liquidation process, including the Bankhaus loans,” Marsal said.
His firm’s maximum 25 percent bonus is unusual for a liquidator, said Seton Hall University School of Law professor Stephen Lubben in Newark, New Jersey. In 2007, Alix Partners had to give up a $5 million success fee it sought on top of $25.6 million in professional charges while winding down futures- trader Refco Inc.
Marsal’s company’s bonus has survived court scrutiny so far, although the firm withdrew a request for $2.5 million of it upfront, according to court filings.
Fourteen months into the bankruptcy, Lehman had paid its bankruptcy advisers $533.5 million, with $202.4 million going to Alvarez & Marsal from September 2008 through Nov. 30, 2009, according to a December report in bankruptcy court.
http://lehmanlotto.blogspot.com/2010/01/...ow-actively-investing.html
Für sensationelle "-0.70%" hatten die NACH der Börse vom DIENSTAG (12.1.2010), also VOR der Börse vom MITTWOCH (13.1.2010), ihr "Sell CONFIRMED" bezüglich derer LEHMAN Brothers Common Shares 'rausgedonnert. - Und? - Was ist daraus geworden?
Schon EINEN Tag später blasen sie wieder zum EINSTIEG! - Das hat mit seriöser VORAUS-Schau, und genau darum GEHT es doch beim Chartismus, nun wahrlich überhaupt gar nichts zu tun...
http://chap11.epiqsystems.com/...8ca1e57f-4f5c-41aa-9df1-81f38811707f
Main Document:
http://chap11.epiqsystems.com/...8e39e379-cbe2-4784-aa93-8d7e545392dc
Proposed Stipulation:
http://chap11.epiqsystems.com/...979594be-0b7c-4f9d-bb77-a890e295ac52
Related: [Docket #]6303, [Docket #]6579.
http://chap11.epiqsystems.com/...6f1c6550-c8a3-444a-b09a-f9d3ded7da63
http://chap11.epiqsystems.com/...8991153a-423d-48f5-853c-8ec72d024c84
Docket #6606 1/11/2010 Transfer Agreement FRBP Transfer Agreement 3001 (e) 2 Transferors:Airlie Opportunity Master Fund Ltd.(Claim No.12139, Amount 21,192,943.00). To Deutsche Bank AG, London. filed by Jeffrey M. Olinsky on behalf of Deutsche Bank AG, London Branch. (Olinsky, Jeffrey) Debtor: Lehman Brothers Holdings Inc.
http://chap11.epiqsystems.com/...b2e8591a-5516-4dd3-afce-464c90da65bf
Docket #6607 1/11/2010 Transfer Agreement FRBP Transfer Agreement 3001 (e) 2 Transferors:Sparebank 1 SR-Bank(Claim No.62960, Amount 14,729,726.84). To Deutsche Bank AG, London Branch. filed by Jeffrey M. Olinsky on behalf of Deutsche Bank AG, London Branch.(Olinsky, Jeffrey) Debtor: Lehman Brothers Holdings
Inc.
http://chap11.epiqsystems.com/...9fa44eb6-2206-4e13-8479-476d3dcebf4b
Sag mal, ich mache mir langsam wirklich Sorgen um wilhelm2006.
Hast du was von ihm gehört?
Und meine BoardMail? - Nun, ich freue mich halt immer wieder, von Dir zu hören!
LG: Teras
und er hat immer so schöne Charts beigesteuert.
Also mal ehrlich Hut ab, ich bewundere euch beide, für das was ihr da macht.
So, und nun geh ich schlafen.
Arbeite nicht mehr so lange. :-))
http://www.focus.de/finanzen/banken/...r-lehman-opfer_aid_470785.html
Form 8-K for LEHMAN BROTHERS HOLDINGS INC
14-Jan-2010
Regulation FD Disclosure, Financial Statements and Exhibits
ITEM 7.01 Regulation FD Disclosure.
As previously disclosed, on September 15, 2008, Lehman Brothers Holdings Inc. (the "Registrant") filed a voluntary petition for relief under Chapter 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of New York (the "Court") in a jointly administered proceeding named In re Lehman Brothers Holdings Inc., et. al. under Case Number 08-13555 (the "Chapter 11 Proceeding"). As further disclosed previously, certain of the Registrant's subsidiaries (collectively with the Registrant, the "Debtors") have also filed proceedings under Chapter 11 of the Bankruptcy Code. The Debtors' Chapter 11 cases have been consolidated for procedural purposes only and are being jointly administered pursuant to Rule 1015(b) of the Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules") and the Debtors continue to operate as debtors-in-possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code.
On January 14, 2010, the Debtors filed with the Court a Monthly Operating Report (the "Monthly Operating Report"). A copy of the Monthly Operating Report for the Debtors is attached hereto as Exhibit 99.1. This Current Report (including the Exhibits hereto) will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.
Limitation on Incorporation by Reference
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Cautionary Statements Regarding Financial and Operating Data
The Registrant cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, as it was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of any of the Debtors, or any other affiliate of the Registrant. The Monthly Operating Report is not prepared in accordance with U.S. generally accepted accounting principles, was not audited or reviewed by independent accountants, will not be subject to audit or review by the Registrant's external auditors at any time in the future, is in a format consistent with applicable bankruptcy laws, and is subject to future adjustment and reconciliation. There can be no assurances that, from the perspective of an investor or potential investor in the Registrant's securities, the Monthly Operating Report is accurate or complete. The Monthly Operating Report contains a further description of limitations on the information contained therein. The Monthly Operating Report also contains information for periods which are shorter or otherwise different from those required in the Registrant's reports pursuant to the Exchange Act, and such information might not be indicative of the Registrant's financial condition or operating results for the period that would be reflected in the Registrant's financial statements or in its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.
Cautionary Statement Regarding Forward-Looking Statements
This Current Report on Form 8-K and Exhibit 99.1 hereto may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Registrant's financial condition, results of operations, and business that is not historical information. As a general matter, forward-looking statements are those focused upon future or
anticipated events or trends and expectations and beliefs relating to matters that are not historical in nature. The words "believe," "expect," "plan," "intend," "estimate," or "anticipate" and similar expressions, as well as future or conditional verbs such as "will," "should," "would," and "could," often identify forward-looking statements. The Registrant believes there is a reasonable basis for its expectations and beliefs, but they are inherently uncertain, and the Registrant may not realize its expectations and its beliefs may not prove correct. The Registrant undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. The Registrant's actual results and future financial condition may differ materially from those described or implied by any such forward-looking statements as a result of many factors that may be outside the Registrant's control. Such factors include, without limitation:
(i) the ability of the Registrant to develop, prosecute, confirm, and consummate any plan of reorganization or liquidation with respect to the Chapter 11 Proceeding; (ii) the Registrant's ability to obtain Court approval with respect to motions in the Chapter 11 Proceeding; (iii) risks associated with third parties seeking and obtaining court approval for the appointment of a Chapter 11 trustee; and (iv) the potential adverse impact of the Chapter 11 Proceeding on the Registrant's liquidity or results of operations. This list is not intended to be exhaustive.
The Registrant's informational filings with the Court, including this Monthly Operating Report, are available to the public at the office of the Clerk of the Bankruptcy Court, Alexander Hamilton Custom House, One Bowling Green, New York, New York 10004-1408. Such informational filings may be available electronically, for a fee, through the Court's Internet world wide web site (www.nysb.uscourts.gov), and/or free of cost, at a world wide web site maintained by the Registrant's Court-approved noticing agent (www.lehman-docket.com).
ITEM 9.01 Financial Statements and Exhibits.
(a) Exhibits
99.1 Lehman Brothers Holdings Inc. - Monthly Operating Report filed with the Bankruptcy Court on January 14, 2010
Hier der Link : http://biz.yahoo.com/e/100114/lehmq.pk8-k.html
http://chap11.epiqsystems.com/...2b87e58e-2a7c-4345-8703-fae77d2a182b
Related: [Docket #]6303.
Irgendwie finde ich keine Deutschen Presse-Berichte, welche die sehr Begrüßens-werte Tatsache angemessen zu commentieren bereit sind, dass der in Docket #6303
http://chap11.epiqsystems.com/...d465b084-7c16-4488-a520-e246e033a583
dargelegte Gerichts-Antrag ("the Motion") zur Einfädelung eines Settlement-Agreement von der Ad-hoc-Group derer Lehman-Brothers-CREDITORS sehr unterstützt wird:
http://chap11.epiqsystems.com/...c8288d70-5b30-49f8-95bf-cd822f86f567
Oder bin ich scheel?
LG: Teras.
Related: [Docket #]6303
Nur zu der Tatsache, dass der in Gerichts-Docket #6303 vorgebrachte Antrag ('the Motion") zur Einfädelung eines Settlement-Agreement's inzwischen gerichtlich approbiert http://chap11.epiqsystems.com/...52f29f38-70d6-4cc8-ae29-1336c8d5b642
worden ist, finde ich in der Deutschen Presse die ein' oder andere schlaffe Commentierung, in welcher die ganz wichtige UNTERSTÜTZUNG seitens der Ad-hoc-Group derer Lehman-CREDITORS jedoch jeweils deutlich zu KURZ kommt.
Vielleicht nur meine subjective Empfindung?
LG: Teras.
http://chap11.epiqsystems.com/...e559e3fb-690d-4f67-ac65-88f91b229154
vorgeschlagene Angang eines Settlement-Agreement's mit Adam GOLF Securities ist richterlich inzwischen genehmigt worden:
Docket #6666 1/14/2010 Order Signed on 1/14/2010 Granting Joint Motion of Lehman Brothers Holdings Inc. and Lehman Brothers Inc. for Authorization and Approval of a Settlement Agreement of Adams Golf Securities Litigation and Other Related Relief. (Related Doc # [6337]) (Nulty, Lynda) Debtor: Lehman Brothers Holdings Inc.
Related: 6337
http://chap11.epiqsystems.com/...85110478-6254-4843-ba76-d34600b6e324
Dass unsere PRESSE-Leute zwar hier und dorten einzelne VORFÄLLE aus dem Chapter-11-Verfahren 'mal recht, 'mal schlecht COMMENTIEREN, einzelne Text-Phrasen aus denen Dockets öfters sogar leidlich correct INTERPRETIEREN, manchmal sogar - und das ist schon die SPITZE - einen verschämten Hinweis einpflegen, dass das Ganze auf epiqsystems http://chapter11.epiqsystems.com/lehman nachlesbar wäre,
NIE aber die Docket-NUMBER angeben, aus welchen die jeweilige Commentierung doch eigentlich (fast!) nur CITIERT worden sein soll, so dass der um SEINE Geschicke SELBST bemühte KLEIN-Anlager das eine um das andere Mal immer WIEDER auf die von ihm erwartete GLAUBENS-Bereitschaft zurückworfen wird, da er die BASIS der ihm zugemuteten Presse-Kundgaben an Hand der sich aus der Docket-NUMBER ergebenden SUBSTANZ und HISTORIK "leider" nicht NACH-prüfen kann...
Hierin sehe ich eine ganz dreiste SCHANDE des derzeitigen Presse-Verfahrens und bin nach wie vor der Meinung, dass diese Schande in UNSEREM Discussions-Faden immer wieder auf den PRÜF-Stand gebracht werden muss.
Mit notorischen Grüßen: Teras.