LEHMAN BROTHERS QUARTO ATTO (1 Viewer)
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duetto
Forumer storico
Bene così
duetto
Forumer storico
Docket # 59736
Filed May 23 2019
Joinder of Julie Lanello to Motion of Rex Wu to Approve Motion for an Order Enforcing the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and its Affiliated Debtors for Purposes of Distributions, filed by Julie Lanello. (related document(s)[59614]) (Lopez, Mary).
Debtor: 08-13555 Lehman Brothers Holdings Inc.
Related Dockets
Filed May 23 2019
Joinder of Julie Lanello to Motion of Rex Wu to Approve Motion for an Order Enforcing the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and its Affiliated Debtors for Purposes of Distributions, filed by Julie Lanello. (related document(s)[59614]) (Lopez, Mary).
Debtor: 08-13555 Lehman Brothers Holdings Inc.
Related Dockets
carlo27
Nuovo forumer
Rimane il grande quesito: gli ex-LBT continueranno a ricevere accrediti da LBHI?
Ai posteri l'ardua sentenza...
Secondo me no, altrimenti non sarebbero comparse le minusvalenze (per loro natura definitive) sul conto titoli.
al44to
Nuovo forumer
Mah! Fino a poco tempo fa ricordo che si sperava in un recupero ormai vicino al 100%; d'improvviso tutto questo è svanito, hanno liquidato con una cicca le nostre speranze e hanno venduto i nostri titoli, senza nemmeno sapere il perchè. A distanza di due settimane, la mia Banca a tale proposito interpellata, non ha ancora risposto. Tutto questo sa di imbroglio, sa di ennesima fregatura, a spese nostre e a vantaggio degli Istituzionali.
duetto
Forumer storico
"Uncertain investor was Monika K. (name known). In January, she had received from her savings bank a difficult to understand exchange offer for their still in the deposit Lehman certificates. A little later it was said: Command back - the exchange offer does not apply to them. You get paid a final cash distribution. BÖRSE ONLINE explains what's up:
Is the Lehman settlement over?
Yes, at least for private investors who still hold certificates of the Dutch subsidiary Lehman Brothers Treasury (LBT) in their accounts. The LBT also went bankrupt in 2008 as a result of the spectacular bankruptcy of its parent Lehman Brothers Holding Inc. (LBHI); she was mostly the issuer of the Lehman certificates sold in Germany. The insolvency procedure in the USA, however, is not over yet (more info under: www.lehman-docket.com). There one would have had to register his claims directly. It was not necessary in the Netherlands.
What's up with the final cash distribution on LBT's certificates?
Only so-called "qualified noteholders", ie professional investors, were given the opportunity to exchange their certificates for an exchange bond. The information about the exchange offer has apparently also been misleadingly sent to private investors such as Monika K. by some German banks. But the offer was not meant for them. As the responsible liquidators of the LBT of the law firm Houthoff in the Netherlands informed the BÖRSE-ONLINE editorship, more than $ 400 million were distributed in 14 tranches alone to date for the 59 issues with the German Securities Identification Number. In addition, a final final payment of approximately $ 187 million was made on May 2 for both private and professional investors who have opted out of the exchangeable bond. Of this, $ 13 million was paid out on German securities numbers.
Why do professionals receive an exchange offer, private investors a final payment? Is that a disadvantage?
You cant say it like that. Unlike professional investors, the liquidators would have to offer private investors worldwide a public exchange offer - a virtually impossible endeavor. Something else was added: The Dutch settlement process was always on the US procedure. The payouts from there, according to information from Houthoff recently lower, so it was increasingly uneconomic to make the payments to more than 3700 securities identification numbers in 22 currencies. Therefore, the liquidators have sold a large portion of about $ 10.5 billion of their total claim of just over $ 34.5 billion. The proceeds plus other monies released have now been distributed. Since many Lehman investors were a bit older in the bankruptcy, they would probably be better served, also because the settlement in the US can take years. "The Lehman settlement in the Netherlands is now closed to private
Questa è, in buona sostanza, tutta la spiegazione sulla disparità di trattamento riservata agli obbligazionisti LBT privati rispetto a quelli istituzionali.
La ratio di questa manovra risiede nella sopraggiunta inopportunità ed esosità di continuare ad effettuare distribuzioni con percentuali inferiori all'1% per circa 3700 Isin Code differenti.
Anche lo scrivente si chiede se da questa soluzione deriveranno vantaggi per gli istituzionali e svantaggi per i privati che ( assieme agli istituzionali che non hanno voluto accedere al cambio ) hanno perso la titolarità delle obbligaziani registrate presso la procedura fallimentare di Amsterdam.
Comunque stessero le cose, i dati ci dicono che non tutti gli istituzionali hanno approfittato di questa opportunità confermando, qualora ve ne fosse ancora bisogno, che la situazione ha contorni ancora vaghi.
Nulla si precisa però sulla certezza che i privati LBT ( ormai ex titolari ) potranno continuare a percepire eventuali ulteriori distribuzioni direttamente da LBHI.
Ciò che posso fare è continuare a seguire la questione per trovare conferme o smentite a quanto da noi auspicato!
Is the Lehman settlement over?
Yes, at least for private investors who still hold certificates of the Dutch subsidiary Lehman Brothers Treasury (LBT) in their accounts. The LBT also went bankrupt in 2008 as a result of the spectacular bankruptcy of its parent Lehman Brothers Holding Inc. (LBHI); she was mostly the issuer of the Lehman certificates sold in Germany. The insolvency procedure in the USA, however, is not over yet (more info under: www.lehman-docket.com). There one would have had to register his claims directly. It was not necessary in the Netherlands.
What's up with the final cash distribution on LBT's certificates?
Only so-called "qualified noteholders", ie professional investors, were given the opportunity to exchange their certificates for an exchange bond. The information about the exchange offer has apparently also been misleadingly sent to private investors such as Monika K. by some German banks. But the offer was not meant for them. As the responsible liquidators of the LBT of the law firm Houthoff in the Netherlands informed the BÖRSE-ONLINE editorship, more than $ 400 million were distributed in 14 tranches alone to date for the 59 issues with the German Securities Identification Number. In addition, a final final payment of approximately $ 187 million was made on May 2 for both private and professional investors who have opted out of the exchangeable bond. Of this, $ 13 million was paid out on German securities numbers.
Why do professionals receive an exchange offer, private investors a final payment? Is that a disadvantage?
You cant say it like that. Unlike professional investors, the liquidators would have to offer private investors worldwide a public exchange offer - a virtually impossible endeavor. Something else was added: The Dutch settlement process was always on the US procedure. The payouts from there, according to information from Houthoff recently lower, so it was increasingly uneconomic to make the payments to more than 3700 securities identification numbers in 22 currencies. Therefore, the liquidators have sold a large portion of about $ 10.5 billion of their total claim of just over $ 34.5 billion. The proceeds plus other monies released have now been distributed. Since many Lehman investors were a bit older in the bankruptcy, they would probably be better served, also because the settlement in the US can take years. "The Lehman settlement in the Netherlands is now closed to private
Questa è, in buona sostanza, tutta la spiegazione sulla disparità di trattamento riservata agli obbligazionisti LBT privati rispetto a quelli istituzionali.
La ratio di questa manovra risiede nella sopraggiunta inopportunità ed esosità di continuare ad effettuare distribuzioni con percentuali inferiori all'1% per circa 3700 Isin Code differenti.
Anche lo scrivente si chiede se da questa soluzione deriveranno vantaggi per gli istituzionali e svantaggi per i privati che ( assieme agli istituzionali che non hanno voluto accedere al cambio ) hanno perso la titolarità delle obbligaziani registrate presso la procedura fallimentare di Amsterdam.
Comunque stessero le cose, i dati ci dicono che non tutti gli istituzionali hanno approfittato di questa opportunità confermando, qualora ve ne fosse ancora bisogno, che la situazione ha contorni ancora vaghi.
Nulla si precisa però sulla certezza che i privati LBT ( ormai ex titolari ) potranno continuare a percepire eventuali ulteriori distribuzioni direttamente da LBHI.
Ciò che posso fare è continuare a seguire la questione per trovare conferme o smentite a quanto da noi auspicato!
duetto
Forumer storico
Potrebbe anche darsi che, comparse ora le minus, le eventuali future distribuzioni LBHI siano soggette a tassazione con compensazione sulle minus rimanenti maturate.
stefanofabb
GAIN/Welcome
Sarebbe un ulteriore vantaggio .Spero che non mettano un art. fantomatico pregresso e che non se ne possa fare nulla perchè non compensabili !Buon proseguimento.