Lehman Brothers Financial SA (EM) (LEHNQ)

🔥 🔥 🔥 🧱. 💰️ 🔑 What is Fireblocks' exact technological role in institutional asset tokenization?


22 sites
Fireblocks acts as the foundational security, custody, and transaction orchestration layer for institutional asset tokenization, rather than serving as the client-facing issuance platform or transfer agent. It provides the technical plumbing that allows financial institutions to bridge traditional financial assets with decentralized networks while maintaining institutional-grade security.

Fireblocks
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A real-world example of this is BlackRock’s BUIDL money market fund: while Securitize handles the role of transfer agent and primary issuance platform, it relies directly on Fireblocks’ backend wallet infrastructure to securely execute the underlying token minting, holding, and burning operations.

Fireblocks
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Core Pillars of Fireblocks' Technology Stack
Fireblocks' role is divided across four technical layers that govern the lifecycle of a tokenized Real-World Asset (RWA):

Fireblocks
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1. Multi-Party Computation (MPC-CMP) Wallet Infrastructure
The core technological offering is its proprietary MPC-CMP cryptographic protocol.

Fireblocks
Elimination of Single Points of Failure: Instead of generating a single private key, the protocol splits keys into mathematical shares distributed across multiple segregated environments.

Fireblocks
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Hardware-Enforced Security: Key shares are processed inside Intel SGX (Software Guard Extensions) chips. This hardware-level isolation ensures that private keys are never exposed in memory, even if the underlying operating system or cloud provider is compromised.

Fireblocks
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2. The Fireblocks Tokenization Engine
This abstraction layer standardizes token operations across diverse blockchain environments without requiring deep smart contract expertise from the institution.

Fireblocks
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Multi-Chain Deployment: Allows institutions to deploy, mint, and burn assets across 35+ public, private, or permissioned blockchains via a single unified API console.

Fireblocks
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Smart Contract Key Management: Securely holds and controls the master "Admin" keys required to trigger mint/burn functions, adjust smart contract parameters, or whitelist token-holding addresses.

Fireblocks
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3. Programmable Policy and Governance Engine
Institutions cannot interact with public blockchains without strict operational risk boundaries. Fireblocks provides off-chain governance that mirrors traditional banking structures:

Fireblocks
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Automated Approval Workflows: Developers can program conditional transaction rules based on transaction volume, asset type, or destination address.

Fireblocks
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Minter/Burner Role Segregation: Enforces segregation of duties, requiring M-of-N consensus from authorized institutional signers before a tokenized asset can be minted or destroyed on-chain.

Fireblocks
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4. The Fireblocks Network & Cross-Chain Interoperability
Once an asset is tokenized, it must be distributed, settled, or utilized as collateral.

Fireblocks
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Counterparty Settlement: Connects over 2,400 institutional banks, liquidity providers, and exchanges through a secure peer-to-peer directory. This removes manual processes like copying, pasting, and whitelisting deposit addresses.

Fireblocks
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Omni-Chain Mobility: Integrates with interoperability protocols (such as LayerZero) to manage cross-chain token supplies natively. Instead of relying on risky, asset-pairing liquidity bridges, Fireblocks coordinates an exact burn on a source chain and a mint on a destination chain to move tokenized assets smoothly across fragmented ecosystems.

YouTube
·LayerZero
If you want to evaluate how this infrastructure applies to your specific setup, let me know:
What specific asset class are you planning to tokenize (e.g., money market funds, real estate, private equity)?
Which blockchain networks (public like Ethereum/Polygon, or private like Avalanche Subnets/Canton) are you targetting?
What issuance platform or transfer agent (if any) are you considering for client-facing onboarding?
AI responses may include mistakes. For financial advice, consult a professional.

Hi Jersey,
I can open that link in Firefox. After accepting cookies, there is approx. 3 sec. delay and refresh page.
GLTA, Muff

For some reason.  I cant get by open cookies. Anyone having problems with this link..btw. thanks slim

PWC has updated their Lehman page. Scroll a bit down to see this.
Estimated 7bn GBP surplus (9.3 bn USD

are we going to Vegas ?????

🌡️🔥⛱️ Explain as of June 2026? Tanaya Capital has a footprint in the crypto world? +4 Yes, Tenaya Capital (formerly Lehman Brothers Venture Partners) has established a significant footprint in the crypto and digital asset sector, primarily by backing core enterprise blockchain and security infrastructure.Their most notable footprint is in Fireblocks, an institutional-grade platform used by banks and fintechs to move, store, and issue digital assets. The Depository Trust and Clearing Corporation (DTCC) will begin limited production trades of tokenized real-world assets in July 2026, bringing Russell 1000 equities, major ETFs and US Treasuries onto blockchain infrastructure for the first time through a pilot backed by more than 50 firms including BlackRock, Goldman Sachs and JPMorgan, the organization announced on May 4.



16 sites
Tenaya Capital has a well-documented footprint in the cryptocurrency world, established primarily through its early strategic investments in core institutional blockchain infrastructure.

Tenaya Capital
As an early-growth stage venture capital firm, Tenaya Capital (spun out from Lehman Brothers Venture Partners in 2009) does not typically buy liquid tokens or fund consumer crypto applications. Instead, it backs the mission-critical technical architecture that enables traditional finance (TradFi) and institutional players to securely enter the digital asset market.

Fireblocks
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🔒 Tenaya Capital’s Core Crypto Footprint: Fireblocks
Tenaya Capital’s most successful and foundational entry into the crypto ecosystem is its backing of Fireblocks, an institutional-grade digital asset custody, transfer, and settlement platform.

Tenaya Capital
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Early-Stage Backer: Tenaya Capital was part of the original investor cohort that provided $16 million in Series A funding when Fireblocks emerged from stealth mode in June 2019.

PR Newswire
Continued Support: Tenaya doubled down on its commitment by participating in subsequent funding rounds, including Fireblocks' Series B ($30 million) and Series C ($133 million) rounds, which accelerated the company's valuation into multi-billion-dollar unicorn territory.

Fireblocks
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Governance Role: Tenaya Capital maintains an active presence in the firm's leadership, with Tenaya Partner Tom Banahan serving directly on the Fireblocks Board of Directors.

Fireblocks
By backing Fireblocks, Tenaya helped scale the platform that now secures the "plumbing" for major global banks, OTC desks, and fintech giants moving digital assets globally.

Fireblocks
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🌐 Contextualizing the July 2026 DTCC Tokenization Milestone
The Depository Trust and Clearing Corporation (DTCC) initiative highlights why infrastructure platforms like Fireblocks (and the venture firms backing them) are critical.
The Announcement: On May 4, 2026, the DTCC announced it would launch initial, limited production trades of tokenized real-world assets (RWAs) in July 2026, with a full service launch slated for October 2026.
The Pilot Scope: This massive Wall Street milestone brings Russell 1000 equities, major index ETFs, and US Treasuries onto blockchain rails for the first time.

Yahoo Finance
+1
The Industry Working Group: Backed by a 3-year SEC no-action letter issued in late 2025, this pilot unites over 50 major firms. This includes traditional banking giants (BlackRock, Goldman Sachs, JPMorgan, Bank of America) alongside prominent crypto-native infrastructure providers (Circle, Ondo Finance, and Fireblocks ecosystem partners).

Global Finance Magazine
+4
The Bottom Line
Tenaya Capital anticipated this institutional convergence years in advance. By focusing on enterprise security infrastructure rather than speculative cryptocurrencies, their footprint is woven directly into the software clearing the path for trillions of dollars in traditional Wall Street assets to safely migrate to the blockchain.

Fireblocks
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If you are looking for specific angles on this, let me know if you would like me to:
Outline Fireblocks' exact technological role in institutional asset tokenization.
Provide a deeper breakdown of the 50+ participants in the DTCC Industry Working Group.
Summarize how the SEC’s 2025 regulatory relief enabled this production pilot.

LinkedIn
·Varun Paul
+3
AI responses may include mistakes. For financial advice, consult a professional.

Good advice. Thank you

If I remember correctly Schwab was doing that to one of mine a ways back and when I called about it they simply said it would be removed, however, if it became worth anything later they would have to pay it out. So keep a copy of the shares for your records to take back if payout is happening to show them they owe you money, or return of your shares. Schwab never cancelled those shares.

🤓 The Depository Trust and Clearing Corporation (DTCC) will begin limited production trades of tokenized real-world assets in July 2026, bringing Russell 1000 equities, major ETFs and US Treasuries onto blockchain infrastructure for the first time through a pilot backed by more than 50 firms including BlackRock, Goldman Sachs and JPMorgan, the organization announced on May 4.

A full service launch is scheduled for October 2026, with the initiative spanning both traditional finance and crypto-native firms including Circle, Ondo Finance and Ripple Prime. The two-phase rollout represents the most significant institutional tokenization effort to reach production stage in US capital markets to date.

https://finance.yahoo.com/markets/stocks/articles/dtcc-tokenize-russell-1000-stocks-161215488.html?guccounter=1&guce_referrer=YW5kcm9pZC1hcHA6Ly9jb20uZ29vZ2xlLmFuZHJvaWQuZ29vZ2xlcXVpY2tzZWFyY2hib3gv&guce_referrer_sig=AQAAAIns8D3MkIz7WnmJdpahKMP1v9eilkEhGwxGW_Es_s4dUqIrWLgbzWnngU4H79A8mRu8IMasJBFebup7swEcFh-WTrlbScN_7ur8TG4FaYgoufr0j-X2zdX8R3KzUDgmFbqd3v7_5XeFZ8SNS3B5bqTOFJR29dk7nU3gtDXfZVc1

The brokers offer it so you can take the tax loss.

They just said they get rid of them. Out of my account. How or why or what. I couldn't tell you. 

yes, imo the brokers want shares. I can sell mine to them any time, but I certainly can't buy any at these prices that the brokers are taking them in for in bits and pieces when folks sell. I'd happily take the chance that these are paying off something, some day,.... and buy another 100,000 shares at sub pennies like the brokers are.

I'd think the broker could make more money off of me on transaction fees alone when I'm buying shares in 100-1000 share bundles per transaction that occur now, than the broker makes charging $20 per month to keep em.

"To remove shares or pay the 20 bu cc ks a month to keep them."

imo, A bit odd. If this was ending soon and no value is expected, why not just have the shares fade into oblivion?

If you don't pay, does the Broker then become the owner of these shares? Are they attempting to use this ploy to acquire shares????

🐎🐎🐎 Explain? Structural / External Transactions: For deeply subordinated stakeholders (such as Trust Preferred Securities/TRuPS holders), any remote chance of recovery requires a structural event—such as a merger, shell usage, or net operating loss (NOL) monetization—to be legally finalized before the final decree is issued, not after.The structural reality is that the Plan and Plan Trust operate on a strict absolute-priority waterfall. Once the book is closed via the final decree, the document treats the wind-down as a permanent, legally binding end point. +10 This text describes the strict, unyielding reality of bankruptcy recovery for low-priority, deeply subordinated investors. Simply put, junior stakeholders must have their recovery plans legally locked in before the case officially closes; once the court issues a final decree, the estate's distribution rules become absolute and irreversible.1. The Strict Priority WaterfallIn bankruptcy reorganization, the distribution of remaining funds strictly follows the Absolute Priority Rule (APR).The Seniority Ladder: Secured lenders are paid first, followed by unsecured creditors, then subordinated debt. Only after everyone else is paid in full can junior/equity stakeholders get anything.TRuPS Holders: Trust Preferred Securities (TRuPS) are hybrid investments that act like debt but share features with preferred equity. In bankruptcy, TRuPS holders are typically at the very bottom of the priority ladder, heavily subordinated to almost all other claimants.2. The Need for a "Structural Event"Because there is rarely money left over for TRuPS holders, their only mathematical chance of getting any payout relies on financial engineering rather than standard asset sales. They require a "structural event" to generate new value that can be funneled to them:Shell Usage: Using a publicly traded “shell” company to take the business public through a backdoor or reverse merger to generate tradable stock value for juniors.NOL Monetization: Utilizing Net Operating Losses (NOLs) to offset taxable income. This is highly regulated under IRS Section 382, but can create substantial, monetizable value.Mergers: Combining the remnants of the bankrupt entity with another business to create a post-reorganization asset.3. The "Final Decree" DeadlineThe text states this recovery maneuvering cannot happen after the bankruptcy case is concluded.The Final Decree: This is the court order that officially closes the bankruptcy estate. Once the final decree is issued, the "book is closed."The Absolute End Point: The Plan and Plan Trust legally bind the wind-down. Once the estate is officially wrapped up, the absolute-priority waterfall locks into place permanently. Juniors cannot retroactively petition the estate for value if a creative financial opportunity (like NOL monetization) arises after the decree. Therefore, the structural event must be legally finalized while the bankruptcy is still active.Would you like to explore Chapter 11 reorganization terms or how NOL (Net Operating Loss) usage is evaluated during complex restructuring scenarios? Let me know where you'd like to dive deeper.

Fair point, and I’ve said before that if a restructuring path exists, it would likely have been negotiated long before the final decree discussion. But a restructuring process and a successful restructuring outcome are two different things.
The question is not whether negotiations happened in 2022–2023. The question is whether those actions created enough incremental value to reach the bottom of the waterfall.
Until we see evidence of that, I remain bullish but cautious.
GLTA..

Thanks. I just report some stuff. 
We been waiting for this to play out for years 

Does anyone else have the issue of some Fraud website popping up and trying to Hack your PC, when you are on Investorhub boards?

TIA & GLTU.

Hmmm.. So, You are saying the "Re-Structuring Event" has to happen BEFORE the "CLOSE" of the LBHI BK Case?

What If that "Restructuring" Already Happened? I am of the Opinion that it already happened...I am Losing time here...But Definitely I think sometime in 2022 or 2023, there were some 'Motions' presented by the Debtors to the Court that talked about some negotiations and agreements reached with Sr. Creditors about some Term Sheets for exchanging a lot of their Debt... This was the same time that the Debtors got the Motion passed to pay off all the numerous small 'Creditors' who had less than $25000 as their Claim Amount....And then, we had the Plan Trust Board Members representing "Sr. Creditors leave the TAB and then even the 3rd Party Plan "Administrator' leave and LBHI 'took over' as the "Plan Administrator"...So, I am hoping all the "Re-Structiring Agreements' have already occurred in the Background...At that time I was very Optimistic and felt things would close with BK in 2024 but LBHI Pulled a Fast One on us and got the Case "Extended for another Five Years!

GLTU & GLTA LBHI'ers...

I would be Very Happy IF what you are saying comes True!

GLTU * GLTA Lehman CT & Stock Holders...

I got the Placeholder Number too. So, we are good....At one point, I had 3000 of these,,. Then I swapped some tor some CTs....I don't know man. I could have done a "Stupid' thing doing that

August 17th .. Another Date... LBHI Better Fess Up Now...I am really getting PO'd with the way these Debtors find ways to drag things...

GLTU & GLTA Lehman Holders ...

The longer it takes, the higher the probability of a payout. And we need high stock market valuations und liquidity. In 2008 the S&P500 was 1.000 points, 18 years later 7.500, the longest bull-market in history, 13.4% p.a. and 7 times higher than in 2008.

conclusion: a perfect time to close the crime.

Reminder
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=177530285

If you are waiting to hear an announcement about next distribution, there won’t be one unless lbf wins its legal case. We are basically done! The outcome would be……

Docket # 61907
Filed Jun 10 2026
Transfer Agreement FRBP. Transferors: Railsplitter Holdings Corporation (Claim No. 16229, Amount $22,000,000.00) To General Reinsurance Corp. filed by Railsplitter Holdings Corporation. (Lopez, Mary)
Case Number 08-13555 Lehman Brothers Holdings Inc.
https://document.epiq11.com/document/getdocumentbycode?docId=4584541&projectCode=LBH&source=DM


Docket # 61908
Filed Jun 10 2026
Transfer Agreement FRBP. Transferors: Railsplitter Holdings Corporation (Claim No. 47229, Amount $14,049,147.14) To General Reinsurance Corp. filed by Railsplitter Holdings Corporation. (Lopez, Mary)
Case Number 08-13555 Lehman Brothers Holdings Inc.
https://document.epiq11.com/document/getdocumentbycode?docId=4584542&projectCode=LBH&source=DM


Docket # 61909
Filed May 19 2026
Transfer Agreement FRBP. Transferors: Credit Suisse AG (Claim No. 55829) To UBS AG filed by UBS AG. (Lopez, Mary)
Case Number 08-13555 Lehman Brothers Holdings Inc.
https://document.epiq11.com/document/getdocumentbycode?docId=4584543&projectCode=LBH&source=DM

Just so you know. I got another email from ALLY. To remove shares or pay the 20 bu cc ks a month to keep them. I just got off the phone with them. The odd thing was. That there were only 100 shares being held. And they are still under the name LEHMAN BROTHERS. I do have a placeholder number. If you guys want that. Let me know. I will.postnit for you, if you want it. When I get back. I am meeting some of the old high school group.For a afternoon brunch and drinks by the beachHave a good day all. See you later.
You guys let me know. On that placeholder number. 

From your lips to God's ears. 
 >  WINNER$  < 

we are a unique board with over 5.000 years market experience with only 300 investors 😂 Furthermore, after a positive exit, we will all be millionaires. That´s also inique. 😂

A good laugh on that one. Thank you. 
Meanwhile. Lets get back to the 16 year wait. 😂

🐛🐛🐛In Texas, my veterinarian will soon be working around the clock with the screwworm infestation. How much will their income increase at the peak of this epidemic, compared to a Lehman Brothers' lawyer?




14 sites
At the peak of a Texas screwworm outbreak, your veterinarian's income will most likely not increase at all compared to a Lehman Brothers liquidation lawyer. While a massive screwworm epidemic demands grueling, around-the-clock emergency field labor from Texas veterinarians, it does not translate into wealth that rivals elite corporate bankruptcy counsel.

YouTube
·KWTX News10
+3
Key Financial Realities
1. Veterinarian Income Constraints
Fixed Salaries: Most mixed-animal or livestock veterinarians earn a flat annual base salary, typically averaging $125,000 to $154,000 in Texas. Working more hours does not automatically trigger corporate-style windfall bonuses.

ZipRecruiter
+1
ProSal Limits: Vets paid on production (ProSal) only earn a percentage of what they bill. During an outbreak, extra revenue is capped by physical hours in a day and the financial constraints of struggling ranchers who cannot absorb massive fee spikes.

Reddit
·r/Veterinary
+2
Disaster Intervention: The response is heavily subsidized by state and federal programs (like the USDA and Texas Animal Health Commission), which rely on fixed government pay scales or emergency service allocations rather than inflated private-practice rates.

Animal and Plant Health Inspection Service (.gov)
+4
2. The Lehman Brothers Comparison
Hourly Billing: Elite law firms handling the Lehman Brothers liquidation billed by the hour, with top partner rates tracking between $700 and $1,000+ per hour during the historic bankruptcy era.
Scale of Capital: Lead bankruptcy firms like Weil, Gotshal & Manges collectively pulled in over $182 million in fees from the liquidation estate in just the first 19 months.

ABA Journal
The Spread: A top corporate bankruptcy attorney can easily earn $1 million to $3 million+ annually. A veterinarian’s income at the absolute peak of an epidemic would struggle to rise even 15% to 20% above their standard base.

ZipRecruiter
Comparative Economic Overview
Metric
Texas Livestock Veterinarian (Epidemic Peak) Lehman Brothers Bankruptcy Lawyer (Peak Liquidation)
Average Baseline Compensation $125,000 - $154,000 / year $350,000 - $800,000 / year (Associate)
Peak Earnings Capacity ~$150,000 - $190,000 / year (via grueling overtime) $1,000,000 - $3,000,000+ / year (Partner level)
Primary Billing Model Flat Salary, Production %, or Government Scale Billable hour ($700 - $1,000+/hr)
Economic Driver Agricultural loss mitigation & emergency livestock care Corporate asset distribution & multi-billion dollar estate litigation
Structural Traps to Watch For
The Burnout Factor: While the lawyer's billable hour means every extra minute of late-night work increases the firm's payout, a vet working a 90-hour week during an epidemic often absorbs the physical toll as uncompensated overtime.
Client Insolvency: If screwworms decimate a rancher's herd, their ability to pay veterinary bills decreases, creating a downward pressure on private practice veterinary revenue.

KSBW
+1
If you are evaluating the financial structure of a veterinary practice or trying to negotiate an emergency independent contractor rate with the state for disaster response, let me know. I can help you draft a cost-benefit breakdown or calculate target ProSal production metrics.
AI can make mistakes, so double-check responses

What is that date? 

August 17th.can;t come soon enough...

No I’m not Finnish… mostly German. 

are we finish??

Lehman Brothers and Reality (Class 10B payday ?): 14 sites Reality is the totality of all things that exist, independent of whether we are aware of them, believe in them, or understand them. While that definition sounds simple, how reality actually operates depends entirely on the lens—scientific, philosophical, or psychological—you use to look at it.Because humans cannot experience the universe without a brain and senses, reality is generally broken down into three distinct layers.1. Objective Reality (The Physical World)This is the baseline universe that exists external to human thoughts.Independence: It persists even if all sentient life disappears.Governing Rules: It operates on fundamental physical laws, constants, and mathematical structures.Examples: Gravity, atoms, electrical currents, and the speed of light.2. Subjective Reality (The Perceived World)This is the internal version of the universe created entirely by your mind. Humans do not interact with objective reality directly; we interact with our brain's interpretation of it.Sensory Limits: The brain converts raw data (like electromagnetic waves) into human experiences (like the color red or a sound).Internal Filters: Your memories, emotional states, biology, and past traumas completely alter how you experience the same physical space.Examples: Feeling a crowded city block is "energetic" versus feeling it is "threatening".3. Consensus Reality (The Shared World)This layer exists between the objective and subjective. It is the version of the world that humans collectively agree to treat as real so society can function smoothly.Constructed Systems: These concepts have no physical, objective weight, but carry immense real-world consequences because of collective belief.Examples: Money, legal systems, social norms, nations, and languages.Major Philosophical DebatesIf you want to stretch your mind further, thinkers in metaphysics generally argue over which layer is the most fundamental:Physicalism: The belief that physical matter is the ultimate reality, and consciousness is just a byproduct of chemical reactions in the brain.Idealism / Phenomenalism: The belief that conscious experience or data is the true foundation of reality, and the physical world is constructed by the mind.Simulation Theory: The modern hypothesis that our entire universe is a digital construct or mathematical projection running on an advanced computational system.Ultimately, reality is a dynamic interaction: the physical universe provides the raw code, your nervous system renders the display, and human society writes the story.Which angle of reality are you most interested in exploring—the quantum physics behind matter, the psychology of how our brains trick us, or the philosophical theories about existence?

https://document.epiq11.com/document/getdocumentbycode?docId=4583856&projectCode=LBH&source=DM

A scoreboard isn’t very impressive when you’re the player, referee, statistician, and sole fan in the stadium. 🤡You call it a scoreboard. Everyone else here calls it self-scoring. 🤡

Yes my predictions have played out more accurately than yours. That’s why I continue to refer to the SCOREBOARD. Go figure..

©️®️✅️🔟 How much value, due to inflation, has the $1 bill lost since September 15, 2008?

8 sitesSince September 15, 2008, the $1 bill has lost approximately 34.7% of its purchasing power due to inflation.This means that a $1 bill from the day Lehman Brothers filed for bankruptcy—marking a pivotal moment in the 2008 financial crisis—buys only about $0.65 worth of goods and services today.Calculating the Loss of ValueInflation calculations are based on the U.S. Bureau of Labor Statistics Consumer Price Index for All Urban Consumers (CPI-U).Find the Index Levels:The CPI-U index for September 2008 was 218.783.The latest CPI-U index (May 2026) is 335.123.Compute Total Inflation:Prices have risen by cumulative 53.18% over this 18-year period.\(\text{Cumulative\ Inflation}=\frac{335.123-218.783}{218.783}\times 100=53.18\%\)Determine the Loss in Purchasing Power:Because prices have jumped, the absolute value of that specific $1 bill has shrunken.\(\text{Remaining\ Buying\ Power}=\frac{218.783}{335.123}=65.28\%\)\(\text{Value\ Lost}=100\%-65.28\%=34.72\%\)What This Means in Real TermsTo maintain the exact same standard of living or buying power that $1.00 provided in September 2008, you would need $1.53 today.2008 Value: $1.00Equivalent Value Today: $1.53Real Value Lost: $0.35✅ Final AnswerThe $1 bill has lost 34.72% of its value since September 15, 2008, meaning its real-world purchasing power has declined to roughly 65 cents.If you would like, I can calculate how much value a larger sum of money (like a savings account or salary) has lost over this same period, or show you the yearly average inflation rate across these years. Which would you prefer to explore?Show Code

A clown to yet prove he is right!! How many years??? 
Go figure… 

Even clowns eventually leave the circus. He’s still performing.lol…For a stock he claims is worthless, he’s invested an impressive amount of his life.Go Figure..

A clown who’s right is better than a clown who’s wrong. Go figure…

He’s a clown…. 🤡 
Harassing a seldom visited board by the general public looking for some acknowledgement of a subject he knows nothing about.  
Pathetic….. 

🎲🎲🎱🎱🔮🔮 lullaby
/'l?l??bi/
A lullaby (cradle song) is a soothing, gentle song sung to infants or young children to help them fall asleep.

Wikipedia
Etymology
The term comes from Middle English: combining "lull" (meaning "to soothe or calm") and "bye" (a traditional bedtime interjection or sound).

Merriam-Webster
+1

An alibi is a legal defense in which a person accused of a crime proves they were somewhere else when the incident occurred, making it impossible for them to be guilty. Informally, the term is also used to describe any excuse or justification used to avoid blame or responsibility for a failure. Merriam-Webster +2

AI didn’t keep the case open for 18 years. The court did.
We’re waiting for the next filing. You’re waiting for us to be wrong.
This is the largest bankruptcy case in history, not an Uber Eats order. ;)

Been waiting years to get paid. What's the hold up with this slam dunk sure thing? Maybe we're wrong? Nah, we're right - AI says so. Go figure...

🛑 Is this ruling retroactive? Previously, the Second Circuit (which covers New York, where LBHI's bankruptcy is handled) barred the SEC from seeking disgorgement unless it proved quantifiable investor losses. The Supreme Court eradicated this defense, ruling that the remedy focuses entirely on stripping a wrongdoer of ill-gotten net profits rather than compensating for a victim's out-of-pocket loss.How the Ruling Impacts Bankruptcy Cases and LBHIWhile the Sripetch case involved penny stock fraud, its legal precedent shifts the dynamics inside high-stakes bankruptcy courtrooms, including the ongoing LBHI liquidation trust:Lower Burden for Government Claims: In corporate liquidations, calculating exact "investor loss" for specific market maneuvers or disclosure violations can be nearly impossible. The SEC can now pursue massive disgorgement claims against bankrupt entities or their executives solely by proving they obtained "unjust enrichment" or violated a legally protected interest.Dilution of the Second Circuit Defense: Historically, estate lawyers in New York bankruptcy courts utilized strict Second Circuit limits to drastically shrink or block SEC claims to maximize payouts for unsecured creditors. +9 Supreme Court rulings on civil remedies generally apply retroactively to all pending cases and open matters, including the ongoing LBHI liquidation trust. Because the Court ruled in Sripetch v. SEC that disgorgement focuses on a wrongdoer’s unjust enrichment rather than the victim’s financial loss, it eliminates the Second Circuit's strict "investor loss" defense entirely.Retroactivity and Pending ClaimsAs a standard rule of appellate procedure, the Supreme Court's interpretation of federal law applies to all cases that are still open on direct review. This means the SEC can apply this precedent retroactively to active claims and ongoing settlements in the LBHI bankruptcy. Estate lawyers defending LBHI and its executives can no longer rely on the overturned SEC v. Govil precedent to dismiss SEC disgorgement claims for lack of proven out-of-pocket investor loss.Strategic Impact on LBHIWhile the Sripetch ruling is a major victory for government claims in the Second Circuit, it does not mean the SEC can arbitrarily demand limitless sums. The Court's decision was deliberately narrow, meaning defendants still retain important legal arguments to limit SEC disgorgement in the LBHI trust:Net Profits Limitation: Disgorgement is strictly limited to net profits causally connected to the violation. It cannot be based on gross revenues or legitimate gains independent of the unlawful conduct.Seventh Amendment Jury Rights: Justice Clarence Thomas’s concurrence in Sripetch argued that SEC disgorgement now triggers a defendant's right to a jury trial under the Seventh Amendment. This provides a strong procedural avenue for defendants to challenge the SEC's claims in court.If you are following this case, I can help you:Summarize specific case opinionsOutline the Seventh Amendment jury argumentsDraft a preliminary analysis of the LBHI trust's liability exposureLet me know how you would like to proceed

Major Factor: Previously, the Second Circuit (which covers New York, where LBHI's bankruptcy is handled) barred the SEC from seeking disgorgement unless it proved quantifiable investor losses. The Supreme Court eradicated this defense, ruling that the remedy focuses entirely on stripping a wrongdoer of ill-gotten net profits rather than compensating for a victim's out-of-pocket loss.How the Ruling Impacts Bankruptcy Cases and LBHIWhile the Sripetch case involved penny stock fraud, its legal precedent shifts the dynamics inside high-stakes bankruptcy courtrooms, including the ongoing LBHI liquidation trust:Lower Burden for Government Claims: In corporate liquidations, calculating exact "investor loss" for specific market maneuvers or disclosure violations can be nearly impossible. The SEC can now pursue massive disgorgement claims against bankrupt entities or their executives solely by proving they obtained "unjust enrichment" or violated a legally protected interest.Dilution of the Second Circuit Defense: Historically, estate lawyers in New York bankruptcy courts utilized strict Second Circuit limits to drastically shrink or block SEC claims to maximize payouts for unsecured creditors.

Post 114463 from GreatFinancialCosplay08, September 06, 2025

If Lehman Brothers was not in Chapter 11 and had the kind of quarterly earnings for 13 years in a row despite being under a choke of Conservatorship I would never buy any of their PFD shares. Not ever TruPS. I'd be buying $LEH common stock.

This situation is unique. If that guy was buying PFD shs of any kind in the LBHI CH 11 (or claims since there's only the TruPS available to Canadian brokerages over OTC Markets Group Expert Market and the brokers in the US are purposely colluding to not allow any -Q stock purchases by any customers since 2021- so you gotta go thru Canada if you find a friend or w/e) - then buying any claims to PFD shares in LBHI's CH 11 would make sense. Because as you've noticed the docket doesn't lie. Congruent Funding, LLC is Farallon Capital management, LLC's arm and they are the ones buying up these claims over and over and over and prior to that post-POTUS #47's Nov 5 election the only bank besides Barclays, Bank of America, who looked into the entire books of LBHI on Lehman Weekend 2008 (sep 12-13) decided not only to begin filing their own billions of 3001 spending on claims in the CH 11 docket - they even made their first 3001 buy including as far up as Class 9A claims on Dec 12, 2024 but waited until the end of May 2025 to file it.

The point is - this is because of something that goes deep - and I will publish my data and work on it to share at some point that anyone who has info on what Bank of America (or Barclays) saw inside those books before the bankruptcy IS THE SOLE reason the Trump election has these institutions buying billions and billions of claims for the reasons I've been able to figure out since I've seen since a professor at a West Coast "Ivy League" institution made a repository of internals from those books released from court proceedings of the LBHI saga along with Valukis material have been hosted at that university since 2011-2013.

The guys who come here from the FNMA FMCC IHub and X social spam mob with all their wasted words to claim "JPS" superiority and FNMA FMCC (commons) are trash are the same people who would come over here with no idea what a TruPS is (high ranked that the perp PFD and commons in LBHI CH 11 pecking order btw) - let alone they are hybrids and not exactly "PFD" in the trad sense at all.

Finally here's the easiest way to ignore those people: LBHI is going to come out of CH 11 paying off every last claim even down to the last common shareholder in Class 12 (via the Plan Trust share %) and have tens of billions in cash to distribute for suspended quarterly cash distributions the moment CH 11 is closed because LBHI can then send $ -> Property Trustee at Chase Manhattan Bank, N.A. where the four DST entities accounts are managed and that ongoing bank trust services handling the four different TruPS shareholders cash distributions pass it on thru DTCC to the brokerage account you hold your shares in.

Also they have a good 30+ years left of maturity to pass on money to TruPS holders and I suspect either they will offer a deal to pay TruPS to consider ending that early - OR some institution (Perhaps Deutsche Bank as they want to expand in Inv Banking in the US this year) or even Barclays CIB want to acquire the Tier1 capital for their own operations and we end up with our servicing of these under their institution. All they have to do is buy the 100% ownership of all four DST's LBHI has via commons that are worth 3% of each specific DST's total TruPS.

Hope that makes sense.

Keep your head up ignore losers. They aren't even worth countersuits for them trying to sensor our first amendment rights to tell the honest truth here. (true story)

Connecting dots, & digging deeper…
One of the more intriguing pieces of the Lehman puzzle is Claim #58233, a claim with a face amount of approximately $1.923 billion.
For years, the claim was held by Deutsche Bank. The story became more interesting when court filings from the Deutsche Bank and Finepoint Capital dispute revealed that participation interests in substantially all of Claim #58233 had been sold to investors. While Deutsche Bank remained the record holder, sophisticated distressed-debt investors had already acquired economic exposure to the claim, with Finepoint becoming involved through those arrangements.
https://fxnewsgroup.com/forex-news/institutional/deutsche-bank-sues-finepoint-capital-for-claims-against-lehman-brothers-bankruptcy-estate/

The claim continued to trade long after many assumed the Lehman case was nearing its end. In 2021, Stonehill acquired approximately $43.7 million of Claim #58233 through a court-filed transfer. Two years later, in 2023, Stonehill acquired an additional $132.1 million portion of the same claim. 
https://document.epiq11.com/document/getdocumentbycode?docId=4049448&projectCode=LBH&source=DM&utm
https://document.epiq11.com/document/getdocumentbycode?docId=4184836&projectCode=LBH&source=DM&utm
These were not insignificant transactions and demonstrated that institutional investors were still actively seeking exposure to Claim #58233 more than a decade after Lehman’s collapse.
Then came another notable development. In February2026,  Deutsche Bank executed a transfer of Claim #58233, and in March 2026 the transfer was filed showing Congruent Funding LLC, a Farallon-managed vehicle, as the new owner of the claim with a stated face amount of approximately $1.923 billion.

https://document.epiq11.com/document/getdocumentbycode?docId=4561986&projectCode=LBH&source=DM

Viewed as a timeline, Claim #58233 appears to have moved through a remarkable chain of sophisticated market participants: Deutsche Bank as the long-time holder, Finepoint becoming involved through disputes over participation interests, Stonehill acquiring portions of the claim in both 2021 and 2023, and Farallon ultimately stepping in through Congruent Funding LLC in 2026.
The question is; Nearly eighteen years after Lehman’s bankruptcy filing, why did one of the estate’s largest claims continue to attract the attention of Deutsche Bank, Finepoint, Stonehill, and Farallon?
Whatever the answer may be, Claim #58233 has remained active, traded, litigated, and valuable enough to keep some of the most sophisticated distressed-debt investors in the world interested long after many believed the Lehman story was finished.

⏰️🐎🐎🐎 How has a recent Supreme Court ruling shifted SEC disgorgement powers in a bankruptcy case? The June 2026 Supreme Court ruling as it relates to LBHI's bankruptcy.

The U.S. Supreme Court did not rule on a case combining both Securities and Exchange Commission (SEC) disgorgement powers and the Lehman Brothers Holdings Inc. (LBHI) bankruptcy. However, the landmark June 4, 2026 Supreme Court ruling in Sripetch v. SEC fundamentally expanded the SEC's nationwide enforcement and disgorgement toolkit.By extension, this ruling directly influences how the SEC can assert monetary claims against corporate debtors, liquidating trusts, or bad actors involved in complex wind-downs like the historic LBHI chapter 11 estate.The Core Ruling: Sripetch v. SECIn a 9-0 unanimous decision penned by Justice Neil Gorsuch, the Supreme Court held that the SEC does not need to prove that investors suffered any financial (pecuniary) loss to obtain a disgorgement order.The Court resolved a sharp circuit split. Previously, the Second Circuit (which covers New York, where LBHI's bankruptcy is handled) barred the SEC from seeking disgorgement unless it proved quantifiable investor losses. The Supreme Court eradicated this defense, ruling that the remedy focuses entirely on stripping a wrongdoer of ill-gotten net profits rather than compensating for a victim's out-of-pocket loss.How the Ruling Impacts Bankruptcy Cases and LBHIWhile the Sripetch case involved penny stock fraud, its legal precedent shifts the dynamics inside high-stakes bankruptcy courtrooms, including the ongoing LBHI liquidation trust:Lower Burden for Government Claims: In corporate liquidations, calculating exact "investor loss" for specific market maneuvers or disclosure violations can be nearly impossible. The SEC can now pursue massive disgorgement claims against bankrupt entities or their executives solely by proving they obtained "unjust enrichment" or violated a legally protected interest.Dilution of the Second Circuit Defense: Historically, estate lawyers in New York bankruptcy courts utilized strict Second Circuit limits to drastically shrink or block SEC claims to maximize payouts for unsecured creditors. Sripetch completely removes this shield.Competition with Creditors: Because the SEC can more easily solidify its disgorgement claims without mapping out exact individual losses, the agency positions itself as a formidable claimant against a debtor's remaining pool of assets. This could potentially reduce the assets available to other general unsecured creditors waiting on final distributions.Meaningful Defenses PreservedDespite the SEC's sweeping victory, the Supreme Court left several key parameters from its 2020 Liu v. SEC decision intact, giving bankruptcy estates a remaining blueprint to fight the dollar amounts:Net Profits Only: Disgorgement must strictly be calculated from net profits, allowing estates to deduct legitimate business expenses to reduce the claim.Causation: The SEC must still prove that the profits were directly and causally connected to the specific legal violation.A Looming Shift: The Right to a Jury TrialJustice Clarence Thomas filed a solo concurrence that bankruptcy and corporate defense attorneys are watching closely. He argued that because Congress codified disgorgement under 15 U.S.C. § 78u(d)(7), it has effectively transformed into a legal remedy rather than an equitable one. In future litigation, this could grant defendants a Seventh Amendment right to a jury trial, potentially altering how regulatory fraud claims are adjudicated in both federal and bankruptcy courts.If you are looking at a specific claim or asset allocation within the LBHI liquidation, let me know. I can detail how the SEC's claim ranking compares to general unsecured creditors, or outline the current timeline for Lehman's remaining asset distributions.AI responses may include mistakes. For legal advice, consult a professional. Learn more