LEHMAN BROTHERS QUARTO ATTO (1 Viewer)
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etienne55
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Il giudice fallimentare degli Stati Uniti Shelley Chapman a Manhattan ha chiuso mercoledì la proprietà dell'intermediazione e ha assegnato i pagamenti finali al curatore che ha supervisionato la sua liquidazione e il suo studio legale.
Sono stati pagati più di 115 miliardi di dollari.
I 111.000 clienti di Lehman hanno ricevuto tutti i 106 miliardi di dollari che erano dovuti e anche i creditori garantiti hanno ricevuto i pagamenti completi.
Sono stati pagati più di 115 miliardi di dollari.
I 111.000 clienti di Lehman hanno ricevuto tutti i 106 miliardi di dollari che erano dovuti e anche i creditori garantiti hanno ricevuto i pagamenti completi.
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Forumer storico
Aspettiamo.
Probabilmente riguarda solo la fine delle operazioni nelle mani di Chapman, altrimenti ci sarebbe stata una decisione finale, intendo di chiusura, del chapter 11 che non mi pare di aver letto.
Vedremo se ora Chapman esce definitivamente di scena ( cosa che era stata già programmata entro luglio 2022 ) e se al suo posto verrà nominato un altro giudice per chiudere la procedura.
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After 14 Years, Lehman Brothers' Brokerage Ends Liquidation
By Reuters
|
Sept. 28, 2022, at 12:20 p.m.
By Jonathan Stempel
NEW YORK (Reuters) - The liquidation of Lehman Brothers' brokerage unit has ended, 14 years and 13 days after its parent's bankruptcy helped trigger a market freefall and global financial crisis.
U.S. Bankruptcy Judge Shelley Chapman in Manhattan closed the brokerage's estate on Wednesday and awarded final payments to the trustee who oversaw its liquidation and his law firm.
More than $115 billion was paid out.
Lehman's 111,000 customers received all $106 billion they were owed, and secured creditors also received full payouts.
Unsecured creditors recovered $9.4 billion, or about 41 cents on the dollar. They were originally expected to recover about 20 cents on the dollar.
Lehman Brothers Holdings Inc, the brokerage's parent, had been Wall Street's fourth-largest investment bank before filing what remains by far the largest U.S. bankruptcy on Sept. 15, 2008.
Its collapse led to much debate over whether and in what circumstances companies should be allowed to fail.
Barclays Plc bought most of Lehman's U.S. brokerage assets early in the financial crisis. The parent's Chapter 11 bankruptcy plan was confirmed in 2011.
Lehman's demise taught that "a failure of a large financial institution should be avoided, but history tells us that it is inevitable," the brokerage's trustee James Giddens said in a statement.
Giddens' law firm Hughes Hubbard & Reed was awarded $424 million as final compensation for 14 years of work on the case.
(Reporting by Jonathan Stempel in New York; editing by Jonathan Oatis)
Copyright 2022 Thomson Reuters.
Tags: United States
By Reuters
|
Sept. 28, 2022, at 12:20 p.m.
By Jonathan Stempel
NEW YORK (Reuters) - The liquidation of Lehman Brothers' brokerage unit has ended, 14 years and 13 days after its parent's bankruptcy helped trigger a market freefall and global financial crisis.
U.S. Bankruptcy Judge Shelley Chapman in Manhattan closed the brokerage's estate on Wednesday and awarded final payments to the trustee who oversaw its liquidation and his law firm.
More than $115 billion was paid out.
Lehman's 111,000 customers received all $106 billion they were owed, and secured creditors also received full payouts.
Unsecured creditors recovered $9.4 billion, or about 41 cents on the dollar. They were originally expected to recover about 20 cents on the dollar.
Lehman Brothers Holdings Inc, the brokerage's parent, had been Wall Street's fourth-largest investment bank before filing what remains by far the largest U.S. bankruptcy on Sept. 15, 2008.
Its collapse led to much debate over whether and in what circumstances companies should be allowed to fail.
Barclays Plc bought most of Lehman's U.S. brokerage assets early in the financial crisis. The parent's Chapter 11 bankruptcy plan was confirmed in 2011.
Lehman's demise taught that "a failure of a large financial institution should be avoided, but history tells us that it is inevitable," the brokerage's trustee James Giddens said in a statement.
Giddens' law firm Hughes Hubbard & Reed was awarded $424 million as final compensation for 14 years of work on the case.
(Reporting by Jonathan Stempel in New York; editing by Jonathan Oatis)
Copyright 2022 Thomson Reuters.
Tags: United States
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Forumer storico
Dopo 14 anni, il brokeraggio di Lehman Brothers termina la sua liquidazione
Dopo 14 anni, il brokeraggio di Lehman Brothers termina la sua liquidazione
La liquidazione dell'unità di brokeraggio di Lehman Brothers è terminata, 14 anni e 13 giorni dopo che il fallimento della sua casa madre ha contribuito a scatenare una caduta libera del mercato e... -28 settembre 2022 alle 18:20 - MarketScreener
it.marketscreener.com
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Docket # 61504
Filed Sep 29 2022
Chapter 11 Post-Confirmation Report for the Quarter Ending: 06/30/2022 / Quarterly Financial Report as of June 30, 2022 Filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. (Fail, Garrett)
Debtor 08-13555 Lehman Brothers Holdings Inc.
Filed Sep 29 2022
Chapter 11 Post-Confirmation Report for the Quarter Ending: 06/30/2022 / Quarterly Financial Report as of June 30, 2022 Filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. (Fail, Garrett)
Debtor 08-13555 Lehman Brothers Holdings Inc.
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Forumer storico
Docket # 61505
Filed Sep 29 2022
Notice of Distribution / Notice Regarding Twenty-Fifth Distribution Pursuant to the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors (related document(s)[23023]) filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. (Fail, Garrett)
Debtor 08-13555 Lehman Brothers Holdings Inc.
Related Dockets
Filed Sep 29 2022
Notice of Distribution / Notice Regarding Twenty-Fifth Distribution Pursuant to the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors (related document(s)[23023]) filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. (Fail, Garrett)
Debtor 08-13555 Lehman Brothers Holdings Inc.
Related Dockets