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Warren Buffett on Lehman One Year On
Warren Buffett was recently interviewed by CNBC for his thoughts on the extraordinary events surrounding Lehman Brother’s collapse that happened a year ago and also his views on the economy today. You can watch the video as well as download the transcripts of the entire interview below. Warren Buffett Transcript – One Year on From […]
Minibond Investors Action Group Files Lawsuit Against Lehman Brothers
A lawsuit was filed in the high court on 9th September 2009 by the Minibond Investors Action Group (MIAG) against the issuer (Minibond Limited), arranger (Lehman Brothers Singapore Pte Ltd) and a distributor (Royal Bank of Scotland PLC (RBS)) of the Minibond Secured Note Programme (Minibond Programme). You can read the press release of the […]
Filing of Minibond Claim With US Trustee
Last week, SIAS organised a seminar to provide information on the filing of claims with Lehman Brothers Inc. Lehman Brothers is in liquidation in the US and all creditors must lodge their claims with the US trustee, James W. Giddens, appointed under the Securities Investor Protection Act of 1970, as amended (“SIPA”) on or before […]
Who is Paying for Minibond Legal Fees?
It has been reported in the news that the distributors of the Minibond products will be contributing money to the receivers’ cost of obtaining legal opinions. This is required due to the complex issues raised from lawyers dealing with Lehman Brothers in the US. Even DJ newswire picked up the news from our MAS announcement and […]
HSBC Trust Terminates Swaps of Underlying
HSBC Institutional Trust has informed MAS that they have taken certain steps in the interest of Lehman Minibond noteholders. They have terminated the swaps of the underlying securities for series 1-8. This will help to preserve the value of the underlying securities. Also, they have appointed three partners from PricewaterhouseCoopers Singapore (PwC) to act as receivers […]