LEHMAN BROTHERS QUARTO ATTO (3 lettori)

[duetto]

Trade Groups Kept Out Of Lehman's $1B Bank Clawback Fight

July 13, 2017

Three financial industry groups were barred from filing amicus briefs Thursday supporting several big banks from which a Lehman Brothers unit seeks to claw back $1 billion in swaps transactions, with a New York federal court saying the bankruptcy appellees are plenty able to argue the case themselves.

Lehman Brothers Special Financing Inc. says “ipso facto” provisions that terminated those swaps when its parent company filed its record-breaking 2008 bankruptcy are unenforceable because the provisions changed Lehman’s rights only because of Lehman's own, subsequent bankruptcy.

Trade Groups Kept Out Of Lehman's $1B Bank Clawback Fight - Law360

 

[duetto]

Honorable Shelley C. Chapman

Monday, July 17, 2017



10:00 AM
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Adversary proceeding: 12-01044-scc Lehman Brothers Holdings Inc. et al v. CITIBANK, N.A. et al
LBHI v. Citibank Trial

Nuova settimana, nuove udienze!

 

[duetto]

Lenders Say Lehman Mortgage Row Not For Bankruptcy Court

July 17, 2017

Several mortgage originators that Lehman accuses of selling the faulty mortgages that led the failed investment bank to pay more than $1.2 billion in settlements argued Friday that Lehman’s claims are state law complaints that do not belong in New York bankruptcy court.

The group of 23 originators said that the claims they sold Lehman Brothers Holdings Inc. bad mortgages and forced it into the settlement have no connection to the firm’s Chapter 11 plan and that the bankruptcy court has no jurisdiction.


Lenders Say Lehman Mortgage Row Not For Bankruptcy Court - Law360

Ma è solo la loro opinione!

 

[duetto]

Honorable Shelley C. Chapman

Tuesday, July 18, 2017



10:00 AM
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Adversary proceeding: 12-01044-scc Lehman Brothers Holdings Inc. et al v. CITIBANK, N.A. et al
LBHI v. Citibank Trial

 

[duetto]

Novità da New York.

In questi giorni sta venedo fuori un nuovo filone di indagine nella bancarotta Lehman Brothers.

Di che si tratta?

"GE Acquires Majority Stake in Lightfoot Capital Partners"

Il che vuol dire che anche Arc Terminals, posseduta a sua volta da Lightfoot , cambiò proprietario.

Siccome: October 24, 2011 GE Energy Financial Services, a unit of GE, is deploying its capital in critical US infrastructure and expanding into petroleum product terminals by investing $85 million to become a majority owner of Lightfoot Capital Partners, LP (“Lightfoot Capital”).

Nella sostanza, GE Energy Financial Services acquistò il 58 per cento di partecipazione di Lightfoot Capital di New York da un veicolo di investimento gestito da un affiliato di Magnetar Capital. Lightfoot Capital, a sua volta, è proprietaria di Arc Terminals, che gestisce terminal di prodotti petroliferi in otto Stati.

Di tutto questo non c'è traccia nel POR essendo la vendita stata perfezionata a fine ottobre 2011.

Si parla di circa 100 minlioni di dollari.

In teoria questo denaro dovrebbe essere inglobato nella cassa messa a disposizione delle distribuzioni.

Continuo a monitorare.

 

[duetto]

Sembrerebbe che ( il condizionale è d'obbligo ) che Lightfoot Capital Partners sia la stessa LBHI che aveva cambiato identità per la circostanza.

Il motivo ( o i motivi ) per cui ciò fu fatto al momento mi sfuggono.

La domanda è: può una società in Chapter 11 fare una cosa simile?

Probabilmente finirà tutto in una bolla di sapone, ma la questione Lehman Brothers è ancora tutta da definire!

.

 

[duetto]

Lightfoot Capital Partners



Former Names
LEHMAN BROTHERS HOLDINGS INC (until 2012-03-12)
Standard Industry
Classification
Security brokers, dealers & flotation companies
Address
1271 Avenue Of The Americas, New York, NY 10020
Phone
646 285-9000
Official Website
Lehman Brothers
More Info
Wikipedia
Sample Contracts

Lightfoot Capital Partners – Contract (March 12th, 2012)

Lightfoot Capital Partners – LEHMAN BROTHERS HOLDINGS INC. Form of Director Indemnification Agreement [Name of Director/Indemnitee] (March 12th, 2012)

Lightfoot Capital Partners – Weil, Gotshal & Manges Llp (March 12th, 2012)

Lightfoot Capital Partners – Amended and Restated Certificate of Incorporation of Lehman Brothers Holdings Inc. (March 12th, 2012)
Lehman Brothers Holdings Inc. (the "Corporation"), a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware (the "DGCL"), hereby certifies as follows:


Lightfoot Capital Partners – Interest Purchase Agreement (January 23rd, 2012)
This Interest Purchase Agreement (this "Agreement") is made effective as of January 20, 2012, by and among Lehman Brothers Holdings Inc., a Delaware corporation ("Buyer"), and each of BIH ASN LLC ("BIH"), Archstone Equity Holdings Inc. ("AEH" and, collectively with BIH, "Barclays"), Bank of America, N.A. ("BANA") and Banc of America Strategic Ventures, Inc. ("BofA Strategic", and, collectively with BANA, "Bank of America"). Barclays and Bank of America are sometimes referred to herein as "Sellers" and, each, a "Seller." Buyer and Sellers are sometimes referred to herein as the "Parties" and each, a "Party."


Lightfoot Capital Partners – Plan Trust Agreement (December 14th, 2011)
This Plan Trust Agreement (this Trust Agreement), dated and effective as [], 2011, by and among Lehman Brothers Holdings Inc. (LBHI) and the following parties (each, together with any successor thereto, a Trustee and collectively, the Trustees), (1) Rutger Schimmelpenninck, not in his individual or personal capacity, but solely in his capacity as co-bankruptcy trustee (curatoren) for Lehman Brothers Treasury Co. B.V., (2) Dr. Michael C. Frege, not in his individual or personal capacity, but solely in his capacity as insolvency administrator (Insolvenzverwalter) of Lehman Brothers Bankhaus AG, (3) John Suckow, not in his individual or personal capacity, but solely in his capacity as the President of LBHI and designee of LBHI, (4) Julie Becker of Wilmington Trust, N.A., and Noel P. Purcell of Mizuho Corporate Bank, Ltd., neither in her or his, respectively, individual or personal capacity, but solely in her or his, respectively, capacity as a co-chairperson and member of the Creditors Co


Lightfoot Capital Partners – Settlement Agreement (December 14th, 2011)
This Settlement Agreement (the Agreement) is made and entered into as of November 23, 2011 (the Execution Date), by and among Lehman Brothers Holdings Inc. (LBHI), Lehman Commercial Paper Inc. (LCPI, and together with LBHI, the Debtors), Deutsche Bank AG (Deutsche Bank), Monarch Alternative Capital LP (Monarch), Stone Lion Portfolio L.P. (Stone Lion), Permal Stone Lion Fund Ltd. (Permal), Centerbridge Credit Advisors LLC (Centerbridge), Anchorage Capital Group, L.L.C. (Anchorage, and collectively with Monarch, Stone Lion, Permal, and Centerbridge, in each case on behalf of themselves and their managed entities, funds and accounts, as applicable, the Participants). The Debtors, Deutsche Bank and the Participants shall each be referred to individually as a Party and collectively as the Parties.


Lightfoot Capital Partners – Aurora Loan Services LLC Aurora Bank FSB 1271 Avenue of Americas New York, New York 10012 (December 3rd, 2010)

Lightfoot Capital Partners – Lehman Brothers Holdings Inc. (May 8th, 2009)

Lightfoot Capital Partners – Unit Purchase Agreement (December 9th, 2008)
This Unit Purchase Agreement (this Agreement), is made and entered into as of December 1, 2008, by and between Lehman Brothers Holdings Inc., a Delaware corporation (LBHI), and NBSH Acquisition, LLC, a Delaware limited liability company (the Company).


Lightfoot Capital Partners – Imd Parent Llc (October 27th, 2008)
Reference is made to that certain Amended and Restated Purchase Agreement, dated as of October 3, 2008 (the Purchase Agreement), by and between IMD Parent LLC, a Delaware limited liability company, Lehman Brothers Holdings Inc., a Delaware corporation, and the entities listed on Schedule I thereto. Capitalized terms used, but not otherwise defined herein, shall have the meanings ascribed to such terms in the Purchase Agreement.


Lightfoot Capital Partners – Amended and Restated Purchase Agreement (October 7th, 2008)
This Amended and Restated Purchase Agreement (this Agreement), is made and entered into as of October 3, 2008, by and between IMD Parent LLC, a Delaware limited liability company (the Purchaser), Lehman Brothers Holdings Inc., a Delaware corporation (Parent), and the entities listed on Schedule I (such entities, together with Parent, individually and collectively, the Seller).


Lightfoot Capital Partners – James W. Giddens as Trustee of the Liquidation of the Business of Lehman Brothers Inc. (October 3rd, 2008)
We refer to the proposed sale (the Transaction), pursuant to an asset sale agreement dated on or about the date of this letter, between Nomura Holdings Inc. (NHI), certain entities within the Lehman Brothers Holdings Inc. group of companies (the Sellers), and certain insolvency officers (the Insolvency Officers) in Hong Kong, Singapore and Australia (the Asset Sale Agreement), pursuant to which (i) certain employees of Lehman Brothers Inc. (the Company) currently employed in the Companys Beijing Representative Office branch (the Beijing Employees) will be made an offer of employment by one or more affiliates of NHI and (ii) a lease to which the Company is party in respect of premises used by the Companys Beijing Representative Office branch, details of which are set out in the Asset Sale Agreement (the Beijing Lease), will be assigned to an affiliate of NHI.


Lightfoot Capital Partners – Transition Services Agreement (October 3rd, 2008)
This Transition Services Agreement, dated September 29, 2008 (this Agreement), is made by and between Nomura Holdings Inc., a company incorporated in Japan (Nomura), and Lehman Brothers Holdings Inc., a Delaware corporation (LBHI).


Lightfoot Capital Partners – Lehman Brothers Holdings Inc. (October 3rd, 2008)

Lightfoot Capital Partners – International Asset Sale Agreement (October 3rd, 2008)

Lightfoot Capital Partners – Assignment and Assumption Agreement (October 3rd, 2008)
This Assignment and Assumption Agreement (this Assignment and Assumption Agreement) is made and entered into as of September , 2008, by and between Nomura Holdings Inc. (on behalf of itself and the entities that are its Affiliates (as defined in the BarCap TSA) listed in Schedule 2 to the Nomura Purchase Agreement, as same may be amended or supplemented from time to time) (Nomura and each a Purchaser), and Lehman Brothers Holdings Inc., a Delaware corporation (LBHI).


Lightfoot Capital Partners – Asset Purchase Agreement Among Lehman Brothers Holdings Inc. Lehman Brothers Inc. Lb 745 Llc and Barclays Capital Inc. (September 22nd, 2008)
ASSET PURCHASE AGREEMENT, dated as of September 16, 2008 (this Agreement), among LEHMAN BROTHERS HOLDINGS INC., a Delaware corporation (LBHI), LEHMAN BROTHERS INC., a Delaware corporation (LBI and, together with LBHI, the Seller), LB 745 LLC, a Delaware limited liability company (745), and BARCLAYS CAPITAL INC., a Connecticut corporation (Purchaser).


Lightfoot Capital Partners – Contract (September 22nd, 2008)

 

[duetto]

Honorable Shelley C. Chapman

Wednesday, July 19, 2017

10:00 AM
08-13555-scc Lehman Brothers Holdings Inc. Ch. 11
Adversary proceeding: 12-01044-scc Lehman Brothers Holdings Inc. et al v. CITIBANK, N.A. et al
LBHI v. Citibank Trial

 

[carlo27]

Novità da New York.

In questi giorni sta venedo fuori un nuovo filone di indagine nella bancarotta Lehman Brothers.

Di che si tratta?

"GE Acquires Majority Stake in Lightfoot Capital Partners"

Il che vuol dire che anche Arc Terminals, posseduta a sua volta da Lightfoot , cambiò proprietario.

Siccome: October 24, 2011 GE Energy Financial Services, a unit of GE, is deploying its capital in critical US infrastructure and expanding into petroleum product terminals by investing $85 million to become a majority owner of Lightfoot Capital Partners, LP (“Lightfoot Capital”).

Nella sostanza, GE Energy Financial Services acquistò il 58 per cento di partecipazione di Lightfoot Capital di New York da un veicolo di investimento gestito da un affiliato di Magnetar Capital. Lightfoot Capital, a sua volta, è proprietaria di Arc Terminals, che gestisce terminal di prodotti petroliferi in otto Stati.

Di tutto questo non c'è traccia nel POR essendo la vendita stata perfezionata a fine ottobre 2011.

Si parla di circa 100 minlioni di dollari.

In teoria questo denaro dovrebbe essere inglobato nella cassa messa a disposizione delle distribuzioni.

Continuo a monitorare.

Ottime notizie Duetto, grazie ancora per la tua perseveranza.

 

[filippo mauri]

Spesso ho incrociato i suoi interventi sull'altro forum e, se non ricordo male, le ho già risposto.

Comunque stiano le cose, le consiglio di mettere in mora le due banche: Banca Generali, in quanto detentrice attuale; B/ca Pop Sondrio, nel caso, nonostante il trasferimento, ne abbia conservato i diritti.

Almeno dalla banca che le ha erogato l'ultimo accredito è giusto rivere quanto meno una spiegazione!

Con ritardo segnalo che dopo le mie accese rimostranze, magicamente, ai primi di luglio i due accrediti sono comparsi con valuta rispettivamente 14 aprile e 18 maggio. Generali si è scusata sostenendo che avevano difficoltà a suddividere fra i vari loro correntisti il totale complessivo del "flusso" ricevuto dalla liquidazione.
Buona serata