Comitato Fregati Lehman Brothers(A.I.R.O.L.B.)Iscrizione news Vol XXIX 'La svolta'

[esse]

CERCA IL VOLUME DELLA NUOVA DISCUSSIONE CLICCANDO SU QUESTO LINK Obbligazioni, Titoli di Stato - Forum di Finanzaonline.com

[semtex]

AIROLB INFORMA CHE E' STATA RIAPERTA LA POSSIBILITA' DI ADERIRE ALLA CAUSA CONTRO AGENZIE DI RATING E "PATTI CHIARI" CHE E' STATA INTRAPRESA DA CIRCA 600 RISPARMIATORI.
MA RICORDA!!!.......la data ultima per l'adesione e consegna documenti per la nostra causa è stata fissata al 30/06/2010

CHI E' INTERESSATO CLICCHI QUI SOTTO………

Comitato Fregati Lehman Brothers(A.I.R.O.L.B.)Iscrizione news Vol XXVIII 'La svolta'

[semtex]

Ricordati di votare, tutti i giorni , il sito di AIROLB.
È importante in quanto ci permette di acquistare indirizzi e spazio web in modo gratuito. Ed inoltre ci da la possibilità di avere una maggior visibilità sui principali motori di ricerca.
Chi non l’ha mai fatto, o non ricorda più come si fa, trova le istruzioni nell’allegato.

CLICCA SUL LINK SOTTO, PUBBLICATO OGNI MATTINA ALLE 8, PER ACCEDERETE VELOCEMENTE AL SITO !!.........

.
http://lbrothers.altervista.org/
.

[9/15]

Abbiamo messo a punto una sorta di convenzione con Martingale Risk, www.martingalerisk.com , primaria società di ingegneria finanziaria che ha già curato la perizia per la nostra azione cumulativa, con un tariffario agevolato per tutti gli iscritti AIROLB.
Sostanzialmente si tratta di uno forte sconto sulle tariffe praticate.
Credo sia utile a tutti coloro vogliano intraprendendere azione singola contro la propria banca.
Per eventuali dettagli MP o mail a portavoce@lehman-brothers.info

[9/15]

LBHI USA 23-24

LB Treasury BV (olandesi) brevi non strutturate 35-36

LB Treasury BV lunghe o strutturate 25-35

[9/15]

Approval for creation of LAMCO slipped thru the cracks

Lehman to Spin Off Asset Manager in Five-Year Plan

By Linda Sandler @ Bloomberg

April 15 (Bloomberg) -- Lehman Brothers Holdings Inc. won a judge’s approval today to split into two businesses: one to manage its illiquid assets for five years and another to handle work arising from its 2008 bankruptcy.

A unit called Lamco with 455 employees would run Lehman’s real estate and private-equity assets, while the parent company would keep 220 employees to handle claims stemming from its Chapter 11 filing, Lehman said in March.

The Lehman parent might be able to pay almost $41 billion to creditors with allowable claims of $294 billion within five years, compared with $25 billion, or less than 9 cents on the dollar, if the assets were liquidated now, Lehman said in a disclosure explaining its plan yesterday.

Lehman revised the Lamco proposal after it was criticized by Goldman Sachs Group Inc. and eight other financial companies including Morgan Stanley, Credit Suisse Group AG and Deutsche Bank AG. They called it “a reorganization plan for debtors’ employees and management separate, apart and ahead of the reorganization plan for creditors” in an April 5 court filing in U.S. Bankruptcy Court in Manhattan.

Lamco, registered as an investment adviser with the U.S. Securities and Exchange Commission in January, would provide longer term jobs for 70 employees of the restructuring firm Alvarez & Marsal, co-headed by Lehman Chief Executive Officer Bryan Marsal, as well as for 385 Lehman workers, according to court filings. That would give it twice as many workers as the company entrusted with running the bankruptcy on behalf of creditors.

Lehman Affiliates

Lamco, which would also manage assets such as derivatives and corporate loans for Lehman affiliates, also drew creditors’ criticism for denying those affiliates a stake in the venture. Affiliates would help fund Lamco, yet Lehman would deprive them of “any governance or ownership interest,” said the banks, which are derivatives creditors of a Lehman affiliate, Lehman Brothers Special Financing.

Lehman yesterday said it would “enhance the governance right” of its creditors committee by giving it sole right to appoint an independent director to Lamco’s board and eventually distribute some of its Lamco stock to affiliates. The moves fended off some objections to Lamco and “resolved the issues raised” by the derivatives creditors and Lehman’s U.K. units, which also objected to the Lamco plan, it said in a court filing, asking the judge to overrule any remaining objections.

Creditors’ Money

Judge James Peck, who has jurisdiction over the largest bankruptcy in U.S. history, has generally allowed Lehman’s requests to undertake longer term investments that aren’t usual for bankrupt companies. In January, he agreed to let it spend $1.4 billion of creditors’ money to buy loans and mortgages from an insolvent German affiliate, Lehman Brothers Bankhaus.

Last month, Peck voiced reservations even while approving a settlement between Lehman and JPMorgan Chase & Co. that would produce more assets for Lamco to manage. Under the accord, JPMorgan is to return to Lehman $9 billion in illiquid securities and real estate that are hard to value, taking cash and collateral in exchange.

“It’s hard to see the benefit to the Lehman estate,” Peck said in court. “Is this just to prime the pump of Lamco?”

In total, $1 trillion of claims were filed against Lehman, which removed duplicates to get $740 billion, according to the disclosure statement. Lehman has said allowable claims might be as low as $260 billion.

[9/15]

Ex-Lehman Chief Fuld Seeks to Toss Repo 105 Class-Action Suit

By Linda Sandler

June 5 (Bloomberg) -- Lehman Brothers Holdings Inc.’s ex- Chief Executive Officer Richard Fuld asked a judge to dismiss a lawsuit accusing him and his colleagues of failing to disclose Repo 105, a financing method allegedly used to conceal billions of dollars of debt, according to court records.

Separately, Ernst & Young LLP, the Lehman auditor, also asked the judge to dismiss the lawsuit in a court filing yesterday, saying its work met all applicable professional standards.

The class-action lawsuit, based on a 2,200-page report by Lehman bankruptcy examiner Anton Valukas, was filed April 23 on behalf of retirement funds including the Alameda County Employees’ Retirement Association in Oakland, California, and the Government of Guam Retirement Fund.

The Lehman executives denied in court papers that the investors had lost money on Lehman securities because of misstatements and omissions in offering documents. Lehman’s accounting for Repo 105 transactions conformed to generally accepted accounting principles and was approved by Ernst & Young, they said.

“Plaintiffs’ effort to turn the report into a basis for securities law violations fails,” they said in a filing in federal court in Manhattan.

Repo 105 transactions are a form of short-term financing that Valukas said Lehman used to move as much as $50 billion off its balance sheet temporarily to show investors it wasn’t carrying too much debt.

Jointly asking the judge to dismiss the lawsuit were Fuld, former Lehman chief financial officers Christopher O’Meara, Erin Callan and Ian Lowitt, former President Joseph Gregory, present and past Lehman directors, and underwriters of the bank’s securities.

‘False Impression’

The Lehman executives said Repo 105 wasn’t used to create “a false impression” of Lehman’s balance sheet, as alleged. Offering documents told investors “in blunt words” that the balance sheet would “fluctuate from time to time,” they said in the filing.

“Not only did Lehman disclose that during the interim periods it might have more assets, it revealed that it did, and the magnitude of the variance,” they said.

The retirement funds, which have amended their lawsuit twice, are trying to join with thousands of as-yet unidentified investors who lost money buying $31 billion of Lehman securities. They have asked the judge to make Fuld return profits from alleged insider sales of Lehman shares, and to award them unspecified damages.

Valukas Study

Valukas said in his study published March 11 that Lehman officials may be sued for certifying misleading financial statements. At least three suits citing the examiner’s report have been filed against Lehman’s former executives.

Lehman filed the biggest U.S. bankruptcy in history in September 2008 with $639 billion in assets. It has said it will spend another five years liquidating to pay unsecured creditors as little as 14.7 cents on the dollar.

[luis55]

non siamo soli: http://www.moneycontrol.com/news/leg...ng_462613.html

[semtex]

AIROLB INFORMA CHE E' STATA RIAPERTA LA POSSIBILITA' DI ADERIRE ALLA CAUSA CONTRO AGENZIE DI RATING E "PATTI CHIARI" CHE E' STATA INTRAPRESA DA CIRCA 600 RISPARMIATORI.
MA RICORDA!!!.......la data ultima per l'adesione e consegna documenti per la nostra causa è stata fissata al 30/06/2010

CHI E' INTERESSATO CLICCHI QUI SOTTO………

Comitato Fregati Lehman Brothers(A.I.R.O.L.B.)Iscrizione news Vol XXVIII 'La svolta'

[semtex]

Ricordati di votare, tutti i giorni , il sito di AIROLB.
È importante in quanto ci permette di acquistare indirizzi e spazio web in modo gratuito. Ed inoltre ci da la possibilità di avere una maggior visibilità sui principali motori di ricerca.
Chi non l’ha mai fatto, o non ricorda più come si fa, trova le istruzioni nell’allegato.

CLICCA SUL LINK SOTTO, PUBBLICATO OGNI MATTINA ALLE 8, PER ACCEDERETE VELOCEMENTE AL SITO !!.........

.
http://lbrothers.altervista.org/
.