Thomas Wyatt Nigeria Plc ( 2016 Annual Report

first_imgThomas Wyatt Nigeria Plc ( listed on the Nigerian Stock Exchange under the Technology sector has released it’s 2016 annual report.For more information about Thomas Wyatt Nigeria Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Thomas Wyatt Nigeria Plc ( company page on AfricanFinancials.Document: Thomas Wyatt Nigeria Plc ( 2016 annual report.Company ProfileThomas Wyatt Nigeria Plc is a design and printing company in Nigeria offering services for graphic design, colour separation, general printing, paper converting and publishing. Major clients include Unilever Nigeria, Nigerian Bottling Company, MTN Communications, Four Mills of Nigeria, Mr Biggs, College of Medicine, University of Lagos, Obafemi Awolowo University, Corona School Trust Council and Queen College. Thomas Wyatt Nigeria Plc specialises in producing products for schools and universities which includes exercise books, ruled paper, duplicated books, spiral- and quarter-bound books and typing paper. The company also prints calendars and diaries. A subsidiary of Thomas Wyatt Nigeria Plc manufactures and sells bulk toilet rolls and facial tissues for large businesses and education institutions. Formerly known as Thomas Wyatt and Sons (West Africa), the company changed its name to Thomas Wyatt Nigeria Plc when the company amalgamated two of its subsidiaries; Thomas Wyatt and Son (Northern Nigeria) Limited and Apex (Eastern Nigeria) Limited. The company operates through depots in Lagos, Port Harcourt, Kaduna, Onitsha and Ibadan. Thomas Wyatt Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

National Bank of Malawi ( 2020 Annual Report

first_imgNational Bank of Malawi ( listed on the Malawi Stock Exchange under the Banking sector has released it’s 2020 annual report.For more information about National Bank of Malawi reports, abridged reports, interim earnings results and earnings presentations visit the National Bank of Malawi company page on AfricanFinancials.Indicative Share Trading Liquidity The total indicative share trading liquidity for National Bank of Malawi ( in the past 12 months, as of 5th June 2021, is US$4.88M (MWK3.84B). An average of US$406.43K (MWK320.13M) per month.National Bank of Malawi Annual Report DocumentCompany ProfileNational Bank of Malawi is a leading financial institution in Malawi; providing solutions for retail, corporate and investment banking and stock broking services through a national network of 22 service branches. The parent company of National Bank of Malawi is Press Corporation Limited (PCL). Its subsidiaries include National Bank of Malawi Nominees Limited and Stockbroker Malawi Registered Limited. The financial institution operates two divisions; corporate banking and retail/personal banking. The corporate banking division specialises in providing financial services through packaged deals. The retail banking division provides personal banking solutions which include utility bill payments, Internet and mobile banking, and ATM facilities. A major revenue source for the National Bank of Malawi is its treasury division which includes a foreign exchange and money market operation. The National Bank of Malawi was established in 1971 with the merger of Barclays Bank DCO (Dominion Colonial Overseas) and Standard Bank (South Africa). National Bank of Malawi is listed on the Malawi Stock Exchangelast_img read more

McKenzie suspended while former All Blacks question if it was another ‘inconsistent’ call

first_imgTuesday Jun 1, 2021 McKenzie suspended while former All Blacks question if it was another ‘inconsistent’ call Chiefs playmaker Damian McKenzie has now been suspended following the much talked about red card he received against the Reds in the Super Rugby Trans Tasman competition this past weekend. The Sky Sport NZ’s Breakdown show panel had a fairly outspoken view on it.ADVERTISEMENTThe Melbourne Rebels won’t have to face Chiefs ace McKenzie with the playmaker suspended for three weeks after the sending off that shocked Brad Webber.The Chiefs No.10 was marched for a dangerous tackle on Queensland Reds halfback Tate McDermott in the first half of their loss in Townsville.The All Blacks star was banned for three weeks, up to and including June 19. That will allow him to be selected for New Zealand’s opening Test of the year against Tonga.On the Breakdown, John Kirwan and Mils Muliaina discussed why some calls get penalised more heavily than others.They site that upright tackles are a problem, and mention that in the NRL, any contact with the head at all is a straight sending off.ADVERTISEMENTAnother interesting aspect of the discussion is that with the larger amount of cards these days, the game opens up more and we see a more entertaining product as a result. Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 2 WEEKS AGO WATCH: McKenzie red card leaves Chiefs captain… 2 WEEKS AGO Cudmore vs Hamilton: Two of rugby’s biggest… 2 WEEKS AGO Why The 2nd Lions Test in 2009 was so ferociously… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

J.G. House / Atelier Lopes da Costa

first_imgShareFacebookTwitterPinterestWhatsappMailOr Clipboard “COPY” Projects Portugal J.G. House / Atelier Lopes da Costa Year: Houses 2017 “COPY” CopyHouses•São João da Madeira, Portugalcenter_img Save this picture!© João Margalha+ 39Curated by Matheus Pereira Share Architects: Atelier d’Arquitectura J. A. Lopes da Costa Year Completion year of this architecture project Photographs ArchDaily CopyAbout this officeAtelier d’Arquitectura J. A. Lopes da CostaOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSão João da MadeiraPortugalPublished on October 18, 2019Cite: “J.G. House / Atelier Lopes da Costa” [Casa J.G. / Atelier d’Arquitectura J. A. Lopes da Costa] 18 Oct 2019. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Photographs: João MargalhaArchitecture:José António Lopes da Costa, Rita GonçalvesEngineering:Ricardo Melo; Projedomus – Projectos e Inst. Eléctricas Inteligentes, Lda.; DinivanBuilding Contractor:FRAS – Construções, Lda.City:São João da MadeiraCountry:PortugalMore SpecsLess SpecsSave this picture!© João MargalhaRecommended ProductsPorcelain StonewareCosentinoSurfaces – Dekton® Chromica CollectionDoorsEGGERWood Laminate Doors in Molecular Plant Science InstituteDoorsRabel Aluminium SystemsMinimal Sliding Door – Rabel 62 Slim Super ThermalWindowsAccoyaAccoya® Windows and DoorsText description provided by the architects. The terrain, with an irregular shape, is located between two streets with a height difference of about four meters. This unevenness along with the presence of a nearby building on the one hand, and the solar orientation and the views on the other hand, were decisive factors for the adopted solution. The building is located near the northern limit, freeing the south space for garden, outdoor sitting and swimming pool.Save this picture!© João MargalhaSave this picture!Ground Floor PlanSave this picture!© João MargalhaThe pedestrian access is made by the upper road to the west, through a partially covered path, which along a concrete wall, leads to the entrance of the house. This wall also acts as a visual barrier to the garden and pool area while protecting from the prevailing north winds. The access to the garage and the adjoining covered patio is made from the east side of the road, situated in a lower level. A concrete staircase resolves the difference in height between this patio and the garden of the ground floor.Save this picture!© João MargalhaThe ground floor is defined by a monolithic volume in apparent concrete intersected by plans that form more intimate courtyards, near the kitchen and laundry, or more open, such as the basement patio next to the garage. The upper floor in plaster, slides over the ground floor mass, acting as a covering of the access path, and on the opposite side the void generates a patio with some vegetation that provides greater privacy to the south-east suite.Save this picture!© João MargalhaProject gallerySee allShow lessDual Modern House / KUBE architectureSelected ProjectsSummer Kitchen / Atamanenko, Architecture & InteriorsSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOr Clipboard J.G. House / Atelier Lopes da CostaSave this projectSaveJ.G. House / Atelier Lopes da Costalast_img read more

Public vote to decide finalists of The National Lottery Awards

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 10 July 2012 | News Public vote to decide finalists of The National Lottery Awards About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Ten voluntary and charity projects from across the UK that have received National Lottery funding have made it through to the semi-final stage of The National Lottery Awards. A public vote will decide which three make it to the finals, which will be broadcast live on BBC One later in the year, and where the winner will receive national coverage and a £2,000 prize.The National Lottery Awards are an annual search to find “the UK’s favourite Lottery-funded projects” and to celebrate the difference that these organisations make to local communities.There are seven categories in the Awards, each reflecting the main areas of Lottery funding: arts, sport, heritage, health, environment, education and voluntary/charity. There are 10 projects up for voting on in each of the seven categories.The semi-finalists in the Best Voluntary/Charity Project category are:· Kidz Unlimited· Home-Start Camden· Grandparents Raising Grandchildren Network· FREEWHEELING @ Adrenaline Alley· One Eighty Degrees· BOOST For Young Carers· Stonepillow Restore· Justlife· Isle of Gigha Heritage Trust· New Forest NightstopNational Lottery ticket sales generate £30 million a week for good causes across the UK.Voting for the semi-finals ends at midday on Sunday 22 19 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Awards Fundinglast_img read more

Smugglers beat up TV cameraman in Oruro

first_img Reporters Without Borders is outraged by a physical attack on local TV cameraman Freddy Calderón (photo) after he filmed the contents of a contraband truck that tipped over in the western city of Oruro on 22 July. The organisation also wonders why the police took so long to reach the scene. Calderón has been ordered to take a week off work. July 26, 2005 – Updated on January 20, 2016 Smugglers beat up TV cameraman in Oruro News to go further Organisation News Covid-19 emergency laws spell disaster for press freedom BoliviaAmericas News June 12, 2020 Find out more Receive email alerts Help by sharing this information February 1, 2018 Find out more Reporters Without Borders voiced outrage today at a physical attack on TV cameraman Freddy Calderón of ATB Canal 9, who was beaten up by a gang of smugglers after filming the contents of one of their trucks that tipped over on a road in the western city of Oruro on 22 July.”We condemn this use of violence against a journalist who was just doing his job” the press freedom organisation said. “We also deplore the passivity of the police and we hope a thorough investigation will both lead to the arrest of his attackers and shed light on the attitude of the police in this case.”The incident occurred when a truck reportedly loaded with contraband keeled over as it took a roundabout on Oruro’s Dehene Avenue at high speed. Among the many people who witnessed the accident and gathered around was Calderón, who took out his camera and began to film.The online newspaper La Patria said the smugglers began throwing stones at Calderón when they noticed he was filming. He tried to run, but they caught him, threw him to the ground, grabbed his videocassette and kicked him repeatedly until one of them ordered the others to stop.La Patria said customs agents arrived at the scene shortly after the accident took place, but the police were very slow in coming, which gave the smugglers time to remove all their contraband goods in taxis and as well as carry out their attack on Calderón without hindrance.Calderón, who sustained many bruises in the attack, was examined by a forensic doctor and told to take a week off work. That could be extended after X-rays have been examined. News BoliviaAmericas Follow the news on Bolivia Editor still unable to return to Bolivia after six months in exile Bolivian journalist hounded after accusing boss of sexual harassment RSF_en November 18, 2016 Find out morelast_img read more

Judge investigating journalist’s 1997 death visits intelligence agency and Chirac’s lawyer

first_img News FranceEurope – Central Asia RSF denounces Total’s retaliation against Le Monde for Myanmar story June 6, 2008 – Updated on January 20, 2016 Judge investigating journalist’s 1997 death visits intelligence agency and Chirac’s lawyer Use the Digital Services Act to make democracy prevail over platform interests, RSF tells EU Reporters Without Borders is encouraged by new developments in the past few days in the investigation into the 1997 death of Jean-Pascal “JPK” Couraud, a leading investigative journalist based in Papeete, the capital of French Polynesia. According to a report on Le Monde’s website on 6 June, the Papeete judge now in charge of the case, Jean-François Redonnet, searched the Paris headquarters of the General Directorate for External Security (DGSE), France’s CIA equivalent, on 4 June as part of his investigation.Redonnet obtained 17 classified documents from the DGSE about a Japanese bank account supposedly held by former French President Jacques Chirac. The next day, he went to the law office of Chirac’s personal lawyer, Jean Viel, and asked for a copy of a letter from the Japanese bank Tokyo Sowa. It was finally provided in an envelope under judicial seal that will require a court’s approval in order to be opened.“We take note that previously-neglected hypotheses in the investigation into Couraud’s death are now being explored and we hope that Judge Redonnet will have access to all the documents he needs to shed light on this case,” Reporters Without Borders said. “It is encouraging that the judge is taking account of the reports that Couraud was investigating suspicious bank transfers allegedly involving French Polynesia’s then president, Chirac ally Gaston Flosse.”Couraud reportedly had precise information about transfers between a leading French Polynesian company and an account held by Chirac. Couraud’s body was never found after he disappeared on 15 December 1997.After years of paralysis, 2007 saw some progress in the case despite a request by the Papeete prosecutor’s office for it to be closed. Files concerning Chirac’s alleged Japanese account that Clearstream case investigators seized from the home of Gen. Philippe Rondot, an intelligence official, were incorporated into the Couraud case file at the request of the family’s lawyers on 20 November. The judge in charge of the case, Philippe Stelmach, was replaced at the family’s request. And a Papeete court ruled that the investigation could seek to establish a link between these files and Couraud’s disappearance.In a press release on 13 December 2007, Reporters Without Borders called for copies of all Clearstream case documents that might have any bearing on Couraud’s disappearance to be quickly transferred to the Couraud case file.After Couraud disappeared in 1997, a Papeete court initially concluded that he took his own life and closed the case in October 2002. The case was reopened in October 2004 after Vetea Guilloux, a member of the former Polynesia Intervention Group (GIP), a police force that answered to then President Flosse, said he witnessed Couraud’s murder by two other GIP members. He later retracted his claim. In December 2004, the Couraud family formally filed a complaint alleging that Couraud was murdered by persons unknown and with the complicity of persons unknown. June 4, 2021 Find out more Follow the news on France May 10, 2021 Find out more News to go furthercenter_img Receive email alerts Organisation FranceEurope – Central Asia RSF_en “We’ll hold Ilham Aliyev personally responsible if anything happens to this blogger in France” RSF says News News June 2, 2021 Find out more Help by sharing this information last_img read more

Pasadena Playhouse Awarded California Arts Council Grant

first_imgGiving Back Pasadena Playhouse Awarded California Arts Council Grant State funds support attendance at performances and exhibitions for students with limited access From STAFF REPORTS Published on Tuesday, June 12, 2018 | 4:58 pm Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday The California Arts Council announced its plans Tuesday to award $15,300 to Pasadena Playhouse, The State Theater of California as part of its Arts Education: Exposure program.As a segment of the California Arts Council Arts Education grant opportunities, Exposure grants support attendance at performances and exhibitions for students who may otherwise have limited access to these experiences. The impact of student attendance at these events is complemented by pre- and post-attendance activities.Danny Feldman, Producing Artistic Director of Pasadena Playhouse, says, “At Pasadena Playhouse, we believe that theater not only has the power to change lives but also to build stronger communities. Through [email protected], Pasadena Playhouse provides thousands of underserved students access and exposure to an enriching professional theater experience. [email protected] serves participants of all ages by removing the barrier of cost and partners with Title I schools, at-risk youth and social service organizations.”Pasadena Playhouse, The State Theater of California, is one of 113 grantees chosen for the Arts Education: Exposure program. The award was featured as part of a larger announcement from the California Arts Council.“Studies have shown that projects like the Pasadena Playhouse’s [email protected] that offer real-world, authentic interaction with the arts have a rewarding effect on learning ability,” said Nashormeh Lindo, California Arts Council Chair. “These early life experiences can spark interests, provoke thought, and build a student’s capacity for success. The path of what’s possible is widened by every opportunity to step outside the familiar.”To view a complete listing of all Arts Education Exposure grantees, visit .Pasadena Playhouse is a place where people have gathered for 100 years to experience bold and important theater. It is one of the most prolific theaters in American history with a legacy of profound theatrical impact and courageous new work. As the state theater of California, the mission of the Pasadena Playhouse is to enrich people’s lives through theater, community programs and learning.The mission of the California Arts Council, a state agency, is to advance California through the arts and creativity. The Council is committed to building public will and resources for the arts; fostering accessible arts initiatives that reflect contributions from all of California’s diverse populations; serving as a thought leader and champion for the arts; and providing effective and relevant programs and services.Members of the California Arts Council include: Chair Nashormeh Lindo, Vice Chair Larry Baza, Phoebe Beasley, Christopher Coppola, Juan Devis, Kathleen Gallegos, Jaime Galli, Donn K. Harris, Louise McGuinness, Steven Oliver, and Rosalind Wyman. Learn more at faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Business News Make a comment Name (required) Mail (required) (not be published) Website EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS HerbeautyYou’ll Want To Get Married Twice Or Even More Just To Put Them OnHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyRed Meat Is Dangerous And Here Is The ProofHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeauty 10 recommendedShareShareTweetSharePin it center_img First Heatwave Expected Next Week More Cool Stuff Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News Your email address will not be published. Required fields are marked * Community News Top of the News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

FOX News Media Names Ben Domenech to Contributor Role

first_img Twitter Facebook Local NewsBusiness By Digital AIM Web Support – February 3, 2021 Twitter Previous articleOsterman to retire after ’21 season with Athletes UnlimitedNext articleGameStop’s stupefying stock rise doesn’t hide its reality Digital AIM Web Support Pinterest NEW YORK–(BUSINESS WIRE)–Feb 3, 2021– FOX News Media has signed The Federalist Publisher & Co-Founder Ben Domenech as a contributor, announced Suzanne Scott, CEO of FOX News Media. In this role, Mr. Domenech will provide political commentary across all FOX News Media platforms and host a weekly podcast for FOX News Audio. In making the announcement, Ms. Scott said, “As a frequent guest, Ben’s insightful opinions have added depth to our coverage and engendered trust from our viewers. We are proud to welcome him to the FOX News Media family and are confident he will make an excellent addition to our unparalleled team of contributors.” In commenting on the announcement, Mr. Domenech said, “I am honored to join FOX News Media’s accomplished roster of contributors. As we embark on this transformative year, I look forward to sharing my perspective with FOX’s informed and engaged viewers across all of their platforms.” Currently, Mr. Domenech serves as publisher of The Federalist, a conservative online magazine he co-founded in 2013 that covers politics, policy, culture and religion. He is also host of The Federalist Radio Hour podcast and author of the daily political insider newsletter The Transom. Previously, Mr. Domenech was a fellow at The Manhattan Institute and senior fellow at The Heartland Institute. He served as editor-in-chief of The City, an academic journal focused on faith and culture published by Houston Baptist University. He also appeared across multiple networks during the 2012 and 2016 election cycles, most prominently on CBS News’ Face the Nation. During the George W. Bush administration, Mr. Domenech worked as a speechwriter for the former Secretary of Health and Human Services Tommy Thompson and Republican Senator John Cornyn of Texas. Mr. Domenech also served as an editor for Eagle Publishing, where he worked on a number of New York Times bestsellers. He was also a founding board member of the conservative website RedState and co-hosted the award-winning daily podcast Coffee & Markets, where he delved into business, policy and politics. Mr. Domenech lives in Virginia with his wife Meghan McCain, co-host of ABC’s The View, and their daughter Liberty . FOX News Media operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Digital, FOX News Audio, FOX News Books, the direct-to-consumer digital streaming services FOX Nation and FOX News International and the newly announced AVOD service FOX Weather. Currently the number one network in all of cable, FNC has also been the most watched television news channel for 19 consecutive years, while FBN currently ranks among the top business channels on cable. Owned by FOX Corporation, FOX News Media reaches 200 million people each month. View source version on CONTACT: FOX News Media Contact: Alexandra Coscia/212.301.3272 KEYWORD: NEW YORK AUSTRALIA/OCEANIA AUSTRALIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: OTHER COMMUNICATIONS OTHER ENTERTAINMENT PUBLISHING TV AND RADIO COMMUNICATIONS GENERAL ENTERTAINMENT MOBILE ENTERTAINMENT ENTERTAINMENT SOURCE: FOX News Media Copyright Business Wire 2021. PUB: 02/03/2021 01:56 PM/DISC: 02/03/2021 01:56 PM TAGS FOX News Media Names Ben Domenech to Contributor Role Pinterest WhatsApp WhatsApp Facebooklast_img read more

Bankruptcy Judge Backs Lehman Brothers in RMBS Suit

first_img Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Headlines, Journal, News March 11, 2018 3,113 Views Share Save Bankruptcy Lehman Brothers Residential Mortgage-backed securities RMBS 2018-03-11 David Wharton A New York bankruptcy judge has ruled that Lehman Brothers Holdings, Inc. will have to pay around $2.4 billion to investors in order to settle disputes over toxic residential mortgage-backed securities (RMBS) sold by the bank during the financial crisis. It might not sound like it initially, but that’s actually good news, as the judge ruled against investors seeking around $11.4 billion.U.S. Bankruptcy Judge Shelley Chapman made the ruling last week, following a trial that concluded in February. Lehman Brothers collapsed during the financial crisis in 2008, and the case traces back to claims that the bank sold investors billions of dollars of misrepresented home equity loans leading up to the financial crisis.The trustees claimed that of the approximately $11.4 billion Lehman Brothers’ breaches should owe, that $8.8 billion of that sum consists of breaches based on borrower misrepresentations of income, omissions of debt or failure to use the mortgaged property in accordance with the borrower’s commitments under the application, and mortgage, according to the pretrial brief.In addition, roughly $370 million consists of DTI breaches, while the remaining approximately $2.3 billion of the trustees’ claim consists of breaches of several additional representations and warranties, “as set forth in the reports of the trustees’ underwriting experts Jim Aronoff and Chip Morrow.”“The excesses of the pre-2008 mortgage market are now part of the public—and this court’s—record. Lehman’s own documents show it was aware of the widespread problems and deteriorating performance of the loans it had securitized, even as compared to the rest of the industry,” the trustees’ reported earlier in the trial.The $2.4 billion estimate traces back to earlier in the bankruptcy proceedings ,when that estimate was arrived at by “a group of 14 sophisticated institutional investors including a Goldman Sachs Group Inc. unit.” Lehman asked the court to stick with that figure, and Judge Shelley Chapman this week agreed.Lehman attorney Todd Cosenza said in a statement, “We are gratified with the court’s well-reasoned and thorough ruling which we believe is a fair result for all creditors of the estate.” Tagged with: Bankruptcy Lehman Brothers Residential Mortgage-backed securities RMBS Subscribe About Author: David Wharton Home / Daily Dose / Bankruptcy Judge Backs Lehman Brothers in RMBS Suit Demand Propels Home Prices Upward 2 days ago Bankruptcy Judge Backs Lehman Brothers in RMBS Suit The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: States Trying to Circumvent Federal Property Tax Changes Next: Bettering Mortgage Link by Link Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Print This Post Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more