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
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.).