Lehman Brothers Holdings Inc. (LEH)

Docket #37819, 06/07/2013:  Withdrawal of Claim(s): 20281, 20282, 20283 on behalf of Lovells LLP (n/k/a Hogan Lovells US LLP) filed by Epiq Bankruptcy Solutions, LLC
(Claims and Noticing Agent). (Baer, Herbert).
Case: Lehman Brothers Holdings Inc.
Related:  none.

Document:  http://dm.epiq11.com/LBH/Document/GetDocument/2382927

$ 136,921.07  (Claim No. 20281)  and
$ _27,185.82  (Claim No. 20282)  and
$ _12,624.02  (Claim No. 20283)  withdrawn:  

The Total Amount of those  44 (Fourty-four)  Claim(s) Withdrawals  reported in
the  ==>  Docket #36157 - Withdrawal of Claim(s)
after the Claimant having seen
the  ==>  Dockets #32705/6/7/8 - Subpoenas ISSUED
should now here be summarized...

LG: Teras.  

The  ==>  Docket #36157 - Withdrawal of Claim(s)  
noticed us of  46 [Forty-six (not "44")]  Claims  having been withdrawn  after several Subpoenas having been issued  ==>  Dockets #32705/6/7/8 - Subpoenas ISSUED.

Here we see the Numbers of those 46 withdrawn Claims in sortered Order:

29481  29482  29483  29484  29485  29486  29487  29488  29489  and
29490  29493  29494  29495  29498  29499  29500  29501  29502  and
29507  29508  29509  29510  29513  29587  29588  29589  29590  and
29591  29592  29593  29597  29609  29610  29612  29614  29615  and
29616  29617  29618  29619  29620  29621  29622  29623  34314  and  "39505".

But the latter is a MIS-Representation in the Docket #36157.  
29505  is the correct Number of that withdrawn Proof of "Claim".  

Proofs of "Claim" numbered
==>  29481, 29482, 29483, 29484, 29485, 29486, 29487, 29488 and 29489
withdrawn  after Subpoena  and then set to Zero:

$ _19,975.00  (Claim No. 29481)  withdrawn,
$ _27,640.00  (Claim No. 29482)  withdrawn,  
$ 260,176.00  (Claim No. 29483)  withdrawn,
$ _42,244.00  (Claim No. 29484)  withdrawn,
$ 122,479.00  (Claim No. 29485)  withdrawn,
$ _63,058.00  (Claim No. 29486)  withdrawn,
$ _28,088.00  (Claim No. 29487)  withdrawn,
$ _34,578.00  (Claim No. 29488)  withdrawn,
$ _45,097.00  (Claim No. 29489)  withdrawn:  

Proofs of "Claim" numbered
==>  29490, 29493, 29494, 29495, 29498, 29499, 29500, 29501 and 29502
withdrawn  after Subpoena  and then set to Zero:

$ _43,363.00  (Claim No. 29490)  withdrawn,
$ _62,554.00  (Claim No. 29493)  withdrawn,
$ _58,190.00  (Claim No. 29494)  withdrawn,
$ _28,353.00  (Claim No. 29495)  withdrawn,
$ _32,676.00  (Claim No. 29498)  withdrawn,
$ _29,039.00  (Claim No. 29499)  withdrawn,
$ _28,815.00  (Claim No. 29500)  withdrawn,
$ 203,777.00  (Claim No. 29501)  withdrawn,
$ _41,572.00  (Claim No. 29502)  withdrawn:  

Proofs of "Claim" numbered
==>  29507, 29508, 29509, 29510, 29513, 29587, 29588, 29589 and 29590
withdrawn  after Subpoena  and then set to Zero:

$ _,_17,961.00  (Claim No. 29507)  withdrawn,
$ _,176,193.00  (Claim No. 29508)  withdrawn,
$ _,204,616.00  (Claim No. 29509)  withdrawn,
$ _,352,609.00  (Claim No. 29510)  withdrawn,
$ 1,200,019.92  (Claim No. 29513)  withdrawn,
$ _,_40,453.00  (Claim No. 29587)  withdrawn,
$ _,429,207.00  (Claim No. 29588)  withdrawn,
$ _,__9,736.00  (Claim No. 29589)  withdrawn,
$ _,_19,975.00  (Claim No. 29590)  withdrawn:  

Proofs of "Claim" numbered
==>  29591, 29592, 29593, 29597, 29609, 29610, 29612, 29614 and 29615
withdrawn  after Subpoena  and then set to Zero:

$ __,_46,440.00  (Claim No. 29591)  withdrawn,
$ __,_53,210.00  (Claim No. 29592)  withdrawn,
$ _1,378,504.00  (Claim No. 29593)  withdrawn,
$ __,383,202.00  (Claim No. 29597)  withdrawn,
$ 29,403,065.00  (Claim No. 29609)  withdrawn,
$ __,483,033.00  (Claim No. 29610)  withdrawn,
$ __,_32,284.00  (Claim No. 29612)  withdrawn,
$ __,_21,597.00  (Claim No. 29614)  withdrawn,
$ __,_39,278.00  (Claim No. 29615)  withdrawn:  

Proofs of "Claim" numbered
==>  29616, 29617, 29618, 29619, 29620, 29621, 29622, 29623 and 34314
withdrawn  after Subpoena  and then set to Zero:

$ 105,246.00  (Claim No. 29616)  withdrawn,
$ 202,826.00  (Claim No. 29617)  withdrawn,
$ _53,378.00  (Claim No. 29618)  withdrawn,
$ _43,922.00  (Claim No. 29619)  withdrawn,
$ 110,002.00  (Claim No. 29620)  withdrawn,
$ _20,478.00  (Claim No. 29621)  withdrawn,
$ _63,002.00  (Claim No. 29622)  withdrawn,
$ 146,818.00  (Claim No. 29623)  withdrawn,
$ _51,644.00  (Claim No. 34314)  withdrawn:  

As stated in the  ==>  Docket #36157 - Withdrawal of Claim(s),  a Proof of Claim
filed in the Name of  Fareplay Energy Limited Pension Scheme  and numbered "39505" has been  withdrawn...

But this faulty Numbering being a Mis-Representation of the original Claim Number 29505,

$ 57,854.00  (of Claim No. 29505)  have been  canceled  and this Claim then been set to Zero:  

... müsste es eigentlich Claim(s)-Withdrawals gegeben haben.
Ich schau' mir gleich die Liste an und melde mich dann später wieder...

LG: Teras.  

Docket #37833, 06/10/2013:  Withdrawal of Claim(s): filed by Deborah Kovsky-Apap
on behalf of ING BANK, FSB. (Kovsky-Apap, Deborah).
Case: Lehman Brothers Holdings Inc.
Related:  none.

Document:  http://dm.epiq11.com/LBH/Document/GetDocument/2383302

An "unliquidated" Claim  (id est: Claim No. 24033)  withdrawn:
(But, as we know, "unliquidated" Amounts mostly go into the Millions)...  

The Claim(s) Registrar  http://dm.epiq11.com/LBH/Claim  still has this  withdrawn  
Claim No.  24033  http://dm.epiq11.com/LBH/Document/GetDocument/2326836  
as having been filed for  $ 24 Million:

(But soon - typically within 3 WorkDays - this Proof of Claim will be set to Zero).  

... can be found  ==>  HERE...

(But Voiding by Agent has not yet really started):  

Lehman Brothers Holdings Inc. (LBHI) agreed to sell an additional $1.81 Billion of its
general unsecured Claims against its former Brokerage Unit Lehman Brothers Inc. for
about $813.6 Million:

http://www.euroinvestor.com/news/2013/06/10/...l-more-claims/12367207

LG: Teras.  

Mon, Jun 10, 2013 11:59 AM EDT
Lehman to sell off more claims for $813.6M
Lehman Brothers reaches deal to sell off $1.81M in unsecured claims for $813.6M
(Sourced from Associated Press, AP):

http://finance.yahoo.com/news/...-sell-off-more-claims-155916776.html  

http://www.theregister.co.uk/2013/06/12/lehmans_it_implosion  

Docket #37715, 06/03/2013:  Notice of Presentment of Stipulation, Agreement and Order Among Lehman Brothers Holdings Inc., Lehman Brothers Financial Products Inc., Liberty Square CDO II, Limited, and Liberty Square CDO II, Corp. filed by Jacqueline Marcus on behalf of Lehman Brothers Holdings Inc. with presentment to be held on 6/11/2013 at 12:00 PM at Courtroom 601 (JMP) Objections due by 6/10/2013, (Marcus, Jacqueline).
Case: Lehman Brothers Holdings Inc.
Related:  none.

Document:  http://dm.epiq11.com/LBH/Document/GetDocument/2381716  

Docket #37906, 06/12/2013:  So Ordered Stipulation, Agreement and Order Signed on 6/12/2013 Among Lehman Brothers Holdings Inc., Lehman Brothers Financial Products Inc., Liberty Square CDO II, Limited, and Liberty Square CDO II, Corp.
(Related document(s) [37715]) (Nulty, Lynda).
Case: Lehman Brothers Holdings Inc.
Related: 37715 [see foregoing Post].

Main Document:  http://dm.epiq11.com/LBH/Document/GetDocument/2384348
Exhibits [redacted]:  http://dm.epiq11.com/LBH/Document/GetDocument/2384349  

... was die Subpoenas, die Stipulations und die Claim(s)-Objections angeht.
Werde das demnächst nachhalten müssen, habe dafür aber momentan zu wenig Zeit...

LG: Teras.  

 

 

Lehman Increases Estimate of Cash Levels to $80.6 Billion

Recent settlements have led Lehman Brothers Holdings Inc. to increase estimates of its cash levels to $80.6 billion, $15.8 billion more than it said at this time last year.

In filings made Tuesday with U.S. Bankruptcy Court in Manhattan, Lehman said that settlements with its Swiss derivatives unit and the trustee unwinding its brokerage contributed to the increase. So did its $6.5 billion sale in a stake of the apartment-building owner Archstone Inc. to Equity Residential and AvalonBay Communities Inc. (AVB).
Ever since a judge approved Lehman's historic creditor-payback plan in December 2011, the failed bank has called an initial $65 billion estimate a low-end number but that it couldn't be sure. It increased the estimate to $67.5 billion last August but still had key settlements to reach. Now, with deals including the historic pact among the bank, brokerage trustee James W. Giddens and a U.K. affiliate completed, Lehman feels more comfortable increasing those estimates.
The deal with the Swiss unit, Lehman Brothers Finance AG, may double recoveries for that subsidiary's recoveries. While the deal has been approved by a bankruptcy judge, it still isn't finalized.
Lehman has already distributed more than $47 billion to creditors and plans to continue making "semi-annual" distributions as it continues gathering cash. Recently, the company has been selling claims it has against the brokerage, generating cash that it can return to the creditors.


weiter:
http://www.euroinvestor.com/news/2013/07/24/...o-806-billion/12422626
 

Lehman Seeking to Collect $3.2 Billion on Derivatives Through 2015

Lehman Brothers Holdings Inc. said in filings it expects to collect another $3.2 billion from the workout of its derivatives book through 2015, of which $2.3 billion should come in the remainder of 2013.

The failed investment banking powerhouse, which filed for bankruptcy in September 2008, is still negotiating with 1,000 of the 6,500 counterparties it had on the original derivatives portfolio, which had a $39 trillion notional value.

Since 2008, the firm has recovered more than $15 billion from those derivatives. What remains is a fraction of the original face value, and the counterparties range from large, sophisticated financial institutions and hedge funds to municipalities and nonprofits.

Despite the pace at which Lehman has been able to collect on derivatives, some lawyers said privately the workout could drag on for years, even as the firm approaches the five-year anniversary of its bankruptcy filing.

One lawyer, who was working on negotiations with Lehman on behalf of creditors, said even another five years would be a "conservative" estimate, noting the firm has left the toughest cases for last. A second lawyer, also working opposite Lehman, said the firm still has "some pretty significant disputes" and has been "picking off" the easier cases first.

Lehman filed its updated cash flow estimates, including the derivatives expectations, Tuesday with the U.S. Bankruptcy Court in Manhattan. Those documents show the push on the part of Lehman's lawyers to progress the derivatives workout. As of Dec. 31, Lehman had estimated derivatives recoveries at $2.3 billion.

The firm said in its filings it had already collected $440 million on derivatives in the first quarter of this year. In 2012, it had net receipts of $2.4 billion from derivatives after settling with 1,000 of the 2,000 counterparties it had to settle with at the start of last year.


Read more: http://www.nasdaq.com/article/...gh-2015-20130724-01472#ixzz2a1xJdT4S
 

Jul 24, 2013 12:36 PM GMT+0200
Lehman Pensions Don"t Get Priority Over Creditors, Court Says
By Kit CHELLEL: Lehman Pensions Don  

Mon, Jul 29, 2013 12:00 - Lehman Brothers Holdings, Inc. Capital Trust IV (LEHLQ: OTC Link) - Venue Change - The symbol, LEHLQ, no longer trades on Grey Market. As of Mon, Jul 29, 2013, LEHLQ trades on OTC Link. You may find a complete list of venue changes at otcmarkets.com

http://ih.advfn.com/...id=nmona&article=58586881&symbol=LEHLQ