Investors’ group supports Lehman settlement offer on RMBS

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THE SETTLEMENT OFFER AND THE PROPOSED SETTLEMENT AGREEMENT A group of fourteen (14) institutional investors (the "Institutional Investors") have submitted to the RMBS Trustees a settlement offer (the "Settlement Offer") from the LBHI Debtors in the form of an RMBS Trust Settlement Agreement (the "Proposed Settlement

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pronounced this global finance’s “tobacco moment,” when it is forced to acknowledge its destructive practices, with potentially huge settlement costs. The Libor is the London Inter-Bank Offer.

New Wave of Lehman Litigation Appears to Be Imminent. – Thousands of mortgage lenders across the country either recently received, or will soon be receiving, from Lehman Brothers Holdings Inc. a document that may seem innocuous, but likely presages a future lawsuit by LBHI against the recipient.The document is notice of a motion to approve a proposed settlement of residential mortgage-backed securities (RMBS) claims asserted by trustees and.

 · NEW YORK, Nov 4 (IFR) – Investors pursuing claims against US banks for losses on pre-crisis RMBS believe recent developments in the Lehman Brothers bankruptcy case.

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The Institutional Investors have requested that the Trustees enter into the settlement and will appear in court to support the settlement and the judicial findings called for by the proposed settlement. Q: Will the Institutional Investors benefit differently than other investors under the settlement? A: No, they will not.

Fourteen investors announced Friday that trustees accepted the settlement offer from the Plan Administrator for Lehman Brothers Holdings Inc., a global financial services firm that declared.

14 Institutional Investors In RMBS Issued By Lehman Announce Acceptance By RMBS Trustees Of Settlement Offer By Plan Administrator To The Lehman Estate To Resolve Mortgage Repurchase Claims For.

 · Professor Fischel also described the support of large investors in the RMBS Trusts (the “Institutional Investors”) for an earlier settlement offer from Lehman of $2.44 billion and opined that this supported estimating the allowed claim at $2.4 billion.

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RMBS Trustees informed Certificateholders that, on March 17, 2017, a group of fourteen (14) institutional investors represented by Gibbs and Bruns LLP (the "Institutional Investors") sent to the RMBS Trustees a settlement offer from the lbhi debtors settlement offer") (the "