Lehman Brothers Holdings Inc. Enters Into Settlement Agreement With Lehman
Brothers Finance AG
NEW YORK -- March 27, 2013
Lehman Brothers Holdings Inc. (“LBHI”) announced today that it and certain of
its affiliates entered into a settlement agreement with Lehman Brothers
Finance AG (“LBF”), LBHI’s Swiss affiliate. The settlement is subject to
approval by both the United States Bankruptcy Court for the Southern District
of New York (the “Bankruptcy Court”) and LBF’s creditor’s committee. A copy of
the settlement agreement and a summary of its material terms will be set forth
in the motions, which both LBHI, in connection with its chapter 11 case, and
LBF, in connection with its chapter 15 case, will file in the coming weeks,
seeking Bankruptcy Court approval of the settlement. At present it is
anticipated that a hearing on the motions will take place on April 24, 2013.
The chapter 11 plan, related disclosure statement and other filings, including
the filing referred to above, can be found at www.lehman-docket.com in the
“Key Documents” section. Questions relating to the distribution can be
directed to the Debtors’ claims agent, Epiq Systems, Inc., at 1-866-879-0688
(U.S.) and 1-503-597-7691 (Non-U.S.).
Lehman Brothers Holdings Inc.
Kimberly Macleod, 646-285-9215
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