Lehman Brothers Holdings Inc. Names Matthew Cantor Executive Vice President of Legal Affairs and Chief General Counsel Ken Grossman to Replace Cantor on LBSF Board Business Wire NEW YORK -- October 19, 2012 Lehman Brothers Holdings Inc. (LBHI) announced today that it has named Matthew Cantor, a prominent bankruptcy attorney and investment manager, as its Executive Vice President of Legal Affairs and Chief General Counsel. Cantor will step down as a director on the board of Lehman Brothers Special Finance (LBSF) and be replaced by Ken Grossman, an accomplished veteran investor in troubled and distressed credit products and special situations. In this newly created role, Cantor will head the legal department, coordinate the company's legal functions and oversee all litigation matters, bringing his proactive and strategic approach to the many complex legal matters in which the company is involved. “The LBHI Board has been very clear in its objective to obtain the best results possible for creditors, negotiating settlements when possible and vigorously pursuing litigation when justified and necessary,” said Cantor. “The broad scope and complex nature of the pending legal issues present a compelling opportunity, and I look forward to working with the outstanding lawyers at the company.” John Suckow, LBHI’s President and CEO, said: “Matt Cantor is an outstanding lawyer and strategic thinker. His insight and experience will be important as we continue our aggressive efforts to maximize asset values and mitigate claims.” Cantor has been a partner at the law firms of Weil, Gotshal & Manges and Kirkland & Ellis, and during his legal career has represented debtors, creditors and investors in bankruptcy cases and workouts. Most recently, he was a founding principal of Normandy Hill Capital, an investment manager focusing on distressed, event-driven credit and special situations. Ken Grossman, who has joined the LBSF board in Cantor’s place, previously served as President and a Director of Signature Group Holdings, Inc. and as a Managing Director at Ramius, LLC, an $11 billion multi-strategy fund. He was also a member of the Management Committee at Del Mar Asset Management and a portfolio manager at Alpine Associates and Balfour Investors. Suckow added: "We are fortunate to have been able to attract a director at LBSF with Ken's experience and investment and legal acumen." Ken is currently a director of T-Ink, Inc., a leading developer of interactive and conductive inks. He has served on numerous creditor and shareholder committees and holds a Juris Doctorate degree from the National Law Center at George Washington University. Contact: Media Contacts: Lehman Brothers Holdings Inc. Kimberly Macleod, 646-285-9215 email@example.com or Linden Alschuler Kaplan Public Relations Steven Alschuler, 212-575-4545 firstname.lastname@example.org
Lehman Brothers Holdings Inc. Names Matthew Cantor Executive Vice President of Legal Affairs and Chief General Counsel
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