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LEHMAN BROTHERS QUARTO ATTO (3 lettori)
- Creatore Discussione duetto
- Data di Inizio
duetto
Forumer storico
Lessons from Lehman: What insolvency issues can be drawn from the latest Waterfall case?
Lessons from Lehman: What insolvency issues can be drawn from the latest Waterfall case? | Accountancy Age
Lessons from Lehman: What insolvency issues can be drawn from the latest Waterfall case? | Accountancy Age
duetto
Forumer storico
Docket # 55694
Filed Jun 30 2017
Letter Requesting Conference Filed by Neil R Lieberman on behalf of U.S. Bank National Association, as Trustee for Certain Residential Mortgage-Backed Securitization Trusts, Wilmington Trust Company and Wilmington Trust National Association, solely in their respective capacities as Trustees for Certain Mortgage-Backed Securities Trust. (Lieberman, Neil)
Debtor: 08-13555 Lehman Brothers Holdings Inc.
Related None
Filed Jun 30 2017
Letter Requesting Conference Filed by Neil R Lieberman on behalf of U.S. Bank National Association, as Trustee for Certain Residential Mortgage-Backed Securitization Trusts, Wilmington Trust Company and Wilmington Trust National Association, solely in their respective capacities as Trustees for Certain Mortgage-Backed Securities Trust. (Lieberman, Neil)
Debtor: 08-13555 Lehman Brothers Holdings Inc.
Related None
duetto
Forumer storico
Honorable Shelley C. Chapman
Thursday, July 06, 2017
09:00 AM
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Doc# 55673 Response to Motion The Institutional Investors Response in Support of the RMBS Settlement 9019 Motion (ECF 55232) and Entry of the Trustee Findings and Bar Order (related document(s)55232)
Doc# 55232 Motion to Approve Compromise / Notice of Motion of Lehman Brothers Holdings Inc. Pursuant to Fed. R. Bankr. P. 9019 and 11 U.S.C. 105(a) for Entry of Order (A) Approving RMBS Settlement Agreement, (B) Making Certain Required Findings Regarding Decision of RMBS Trustees and LBHI Debtors to Enter into RMBS Settlement Agreement, (C) Scheduling Estimation Proceeding to Determine RMBS Claims and Approving Related Procedures Regarding Conduct of Hearing, and (D) Granting Related Relief (related document(s)55154, 55096)
Doc# 55640 Notice of Hearing / Notice of Change of July 6, 2017 Hearing Time (related document(s)55232)
10:30 AM
Adversary proceeding: 12-01044-scc Lehman Brothers Holdings Inc. et al v. CITIBANK, N.A. et al
LBHI v. Citibank Trial
Thursday, July 06, 2017
09:00 AM
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Doc# 55673 Response to Motion The Institutional Investors Response in Support of the RMBS Settlement 9019 Motion (ECF 55232) and Entry of the Trustee Findings and Bar Order (related document(s)55232)
Doc# 55232 Motion to Approve Compromise / Notice of Motion of Lehman Brothers Holdings Inc. Pursuant to Fed. R. Bankr. P. 9019 and 11 U.S.C. 105(a) for Entry of Order (A) Approving RMBS Settlement Agreement, (B) Making Certain Required Findings Regarding Decision of RMBS Trustees and LBHI Debtors to Enter into RMBS Settlement Agreement, (C) Scheduling Estimation Proceeding to Determine RMBS Claims and Approving Related Procedures Regarding Conduct of Hearing, and (D) Granting Related Relief (related document(s)55154, 55096)
Doc# 55640 Notice of Hearing / Notice of Change of July 6, 2017 Hearing Time (related document(s)55232)
10:30 AM
Adversary proceeding: 12-01044-scc Lehman Brothers Holdings Inc. et al v. CITIBANK, N.A. et al
LBHI v. Citibank Trial
duetto
Forumer storico
Lehman Throws Support Behind RMBS Settlement
July 3, 2017
Lehman Brothers Holdings Inc. urged a New York bankruptcy court on Friday to approve a grand bargain to end claims over billions of dollars' worth of dud financial-crisis-era mortgage-backed securities that it sold to investors who were left holding them after the bank's failure.
If a judge approves the motion at a hearing on Thursday, it will yield a multiweek estimation proceeding in coming months that will resolve billions of dollars' worth of claims for repurchase of MBS that lost value in the financial crisis.
Lehman Throws Support Behind RMBS Settlement - Law360
E questa si che è una notiziona: si parla di miliardi di dollari!
July 3, 2017
Lehman Brothers Holdings Inc. urged a New York bankruptcy court on Friday to approve a grand bargain to end claims over billions of dollars' worth of dud financial-crisis-era mortgage-backed securities that it sold to investors who were left holding them after the bank's failure.
If a judge approves the motion at a hearing on Thursday, it will yield a multiweek estimation proceeding in coming months that will resolve billions of dollars' worth of claims for repurchase of MBS that lost value in the financial crisis.
Lehman Throws Support Behind RMBS Settlement - Law360
E questa si che è una notiziona: si parla di miliardi di dollari!
duetto
Forumer storico
Onestamente non sono in grado allo stato attuale di comprendere se e quanto noi, obbligazionisti LBHI/LBT, potremo trarre beneficio dalla notizia sopra riportata.
Intanto prendiamo atto che un altro filone della intricata vicenda dovrà essere trattato in tribunale nelle prossime settimane se il giudice riterrà ammissibile la questione in oggetto.
Intanto prendiamo atto che un altro filone della intricata vicenda dovrà essere trattato in tribunale nelle prossime settimane se il giudice riterrà ammissibile la questione in oggetto.
Camill_two
Nuovo forumer
Onestamente non sono in grado allo stato attuale di comprendere se e quanto noi, obbligazionisti LBHI/LBT, potremo trarre beneficio dalla notizia sopra riportata.
Intanto prendiamo atto che un altro filone della intricata vicenda dovrà essere trattato in tribunale nelle prossime settimane se il giudice riterrà ammissibile la questione in oggetto.
E' da tempo che aspetto la conclusione dell'unwinding del matassone dei claims. Solo sapendo l'ammontare dei claims riconosciuti come legittimi ci si potrebbe fare un'idea più precisa dell'entità del recupero finale.
duetto
Forumer storico
RMBS trustees accept $2.4 billion toxic mortgage settlement from Lehman Brothers
BlackRock, Goldman Sachs among institutional investors in settlement
The trustees in a series of residential mortgage-backed securities trusts reached a settlement with the remains of Lehman Brothers Holdings that could be worth more than $2.4 billion over claims that the RMBS deals contained toxic mortgages.
Robert Madden, an attorney with Gibbs & Bruns, which represented the institutional investors, said that that the settlement is “an important step in finally resolving the Lehman RMBS claims, and obtaining value for certificateholders in the trusts.”
All in all, the trustees for 238 RMBS trusts accepted a settlement that establishes a minimum payout of $2.4 billion.
The trustees involved in the settlement are Deutsche Bank National Trust Company, TMI Trust Company, U.S. Bank National Association, and
Wilmington Trust Company.
Also included in the settlement are 14 institutional investors, including: AEGON USA Investment Management, BlackRock Financial Management, Cascade Investment, the Federal Home Loan Bank of Atlanta, Goldman Sachs Asset Management, Invesco Advisers, Kore Advisors, Metropolitan Life Insurance Company, Pacific Investment Management Company, Sealink Designated Activity Company, The TCW Group, Thrivent Financial for Lutherans, Voya Investment Management, and Western Asset Management Company.
RMBS trustees accept $2.4 billion toxic mortgage settlement from Lehman Brothers | 2017-06-02 | HousingWire
BlackRock, Goldman Sachs among institutional investors in settlement
The trustees in a series of residential mortgage-backed securities trusts reached a settlement with the remains of Lehman Brothers Holdings that could be worth more than $2.4 billion over claims that the RMBS deals contained toxic mortgages.
Robert Madden, an attorney with Gibbs & Bruns, which represented the institutional investors, said that that the settlement is “an important step in finally resolving the Lehman RMBS claims, and obtaining value for certificateholders in the trusts.”
All in all, the trustees for 238 RMBS trusts accepted a settlement that establishes a minimum payout of $2.4 billion.
The trustees involved in the settlement are Deutsche Bank National Trust Company, TMI Trust Company, U.S. Bank National Association, and
Wilmington Trust Company.
Also included in the settlement are 14 institutional investors, including: AEGON USA Investment Management, BlackRock Financial Management, Cascade Investment, the Federal Home Loan Bank of Atlanta, Goldman Sachs Asset Management, Invesco Advisers, Kore Advisors, Metropolitan Life Insurance Company, Pacific Investment Management Company, Sealink Designated Activity Company, The TCW Group, Thrivent Financial for Lutherans, Voya Investment Management, and Western Asset Management Company.
RMBS trustees accept $2.4 billion toxic mortgage settlement from Lehman Brothers | 2017-06-02 | HousingWire
duetto
Forumer storico
Mi è stato chiesto in privato, riconfermo in pubblico:
le Classi 3 e 5, secondo le sacre scritture, devono essere " satisfied in full ", non " paid full ".
Ciò vuol dire che devono essere soddisfatte fino a quando ci saranno eventuali liquidità di cassa, ma non che debbano essere pagate totalmente.
Come è facilmente comprensibile, la differenza non è di poco conto!
le Classi 3 e 5, secondo le sacre scritture, devono essere " satisfied in full ", non " paid full ".
Ciò vuol dire che devono essere soddisfatte fino a quando ci saranno eventuali liquidità di cassa, ma non che debbano essere pagate totalmente.
Come è facilmente comprensibile, la differenza non è di poco conto!
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