WG1mil
3年前
Received this email today:
Thank you for your inquiry about LEHNQ.
The LEHNQ trust preferred securities were not issued by Lehman Brothers Holdings Inc., and the claims with respect to such securities were filed by BNY Mellon, as trustee. The BNY Mellon trust preferred claims were treated under the LBHI bankruptcy Plan as subordinated notes claims. There is no distribution under the Plan with respect to any subordinated notes claim. For more information on these securities, please contact BNY Mellon. For more information, including a link to the LBHI bankruptcy Plan, please see www.lehman-docket.com.
Sincerely,
Claire Leonard
Claire Leonard
Lehman Brothers Holdings Inc.
110 East 42nd Street, Suite 820-8th Floor
New York, NY 10017
(646) 285-9361
Claire.Leonard@lehmanholdings.com
camaro4me
4年前
Class Action Lawsuit Against the BNYM, as Trustee
They are looking for shareholders who are interested in joining a class action lawsuit against the BNYM, as Trustee, for breaching their fiduciary duty to require Lehman Brothers Holdings Inc. to file the subordinated guarantee certificates annually. It is the responsibility of the Trustee each year to make sure the certificates are filed.
Quote:
Lehman Brothers Holdings, as guarantor, will be required to file annually with the guarantee trustee a certificate as to whether or not Lehman Brothers Holdings is in compliance with all the conditions and covenants applicable to it under the guarantee.
The failure to file the certificates allowed LBHI to ignore their obligations under the subordinated guarantee resulting in a combined loss to shareholders up to $1.2 billion dollars.
If you are a shareholder and you feel that you are harmed by the BNYM, as the trustee, for their failure to require the filings of the certificates, include the following information in an email and send it to
lbhict34566investorsunited@gmail.com
Information to be included on the email
Name
Address
Contact number
email
Number of shares
Date Acquired
chessman
13年前
Okay, let's get to the bottom of this ...
First, I own CTs, and I want more.
I called my broker two days in a row. They tried checking with different departments like preferred, fixed income, reorg, etc., and got nothing. They put an open order out there with MMs for me and have received no response. The main person I dealt with feels that they are "expired," but I told him that they aren't, and I told him exactly what happened (accidentally delisted, then shoved on grey sheets, and preferred and commons lumped into the big share). I explained to him that they are actually worth something and that it appears that someone is trying to hide them away. He doesn't know what else to do other than just leave an open GTC order out there for me. I told him I would research further and get back to him.
Can Lehman be reached and what is their number? Let's force the issue. I hope that the MMs won't raise the ask to $1.00 or more.
Chessman