Lehman Brothers Holdings Inc. to Explore Opportunities to Monetize Portions
of General Unsecured Claims to Be Allowed against Lehman Brothers Inc.
NEW YORK -- May 10, 2013
Lehman Brothers Holdings Inc. (“Lehman”) announced today that it intends to
explore monetization opportunities related to the general unsecured claims
(the “Claims”) against Lehman Brothers Inc. (“LBI”) held by it and certain of
its controlled affiliates. Lehman has retained Lazard to advise it in
connection with exploring these opportunities. There is no assurance that
Lehman will proceed with any such opportunities.
Subject to the occurrence of certain events, the Claims will be allowed
pursuant to the settlement agreement, reached on February 21, 2013 between
Lehman and James W. Giddens, Trustee for the SIPA Liquidation of LBI. The
agreement was approved by the United States Bankruptcy Court for the Southern
District of New York on April 16, 2013.
Lehman Brothers Holdings Inc.
Kimberly Macleod, 646-285-9215
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