BNC Mortgage Given Go Signal to Proceed with Lombard Suit

FAIRLESS HILLS, Pa. -- Judge James Peck of the U.S. Bankruptcy Court for the Southern District of New York allowed BNC Mortgage LLC, an affiliate of Lehman Brothers Holdings, Inc., to continue prosecuting a state court mortgage-related action commenced by Lucienne Lombard.

More news on the Lehman case, including Lehman's request to invest not more than $25.1 million in two New York properties, are available at LEHMAN BROTHERS Bankruptcy News, Issue No. 73 published by Bankruptcy Creditors' Service, Inc.

The 22-page newsletter contains stories with these headlines:

[02942] DEBTORS' MOTION TO INVEST IN NEW YORK PROPERTIES

[02943] DEBTORS' MOTION TO APPROVE SETTLEMENT WITH AEGIS MORTGAGE

[02944] LCPI'S MOTION TO PURCHASE NOTES ISSUED BY PINE CCS

[02945] LCPI'S MOTION TO ALLOW LEHMAN ALI TO OKAY INNKEEPERS DEAL

[02946] LBHI'S MOTION TO APPROVE TWO NOTE PURCHASE AGREEMENTS

[02947] DEBTORS' MOTION TO SELL STAKE IN QUADRANT STRUCTURED

[02948] DEBTORS' MOTION TO ALLOW INSURERS TO PAY LITIGATION COST

[02949] EDGEWOOD'S MOTION TO COMPEL LBHI TO RETURN PROPERTY

[02950] DEBTORS' MOTION TO EMPLOY A&M AS RESTRUCTURING OFFICERS

[02951] DEBTORS' APPLICATION TO EMPLOY BINGHAM AS SPECIAL COUNSEL

[02952] DEBTORS' MOTION TO EMPLOY GIBSON DUNN AS SPECIAL COUNSEL

[02953] DEBTORS' APPLICATION TO EMPLOY MILBANK AS SPECIAL COUNSEL

[02954] DEBTORS' APPLICATION TO HIRE LATHAM & WATKINS AS COUNSEL

[02955] DEBTORS' APPLICATION TO EMPLOY LOCKE AS SPECIAL COUNSEL

[02956] RETAINED PROFESSIONALS' INTERIM FEE APPLICATIONS

[02957] DEBTORS' OMNIBUS OBJECTIONS TO CLAIMS

[02958] LB 2080, KALAIMOKU-KUHIO INK DEAL TO AMEND PRIOR ORDERS

[02959] STIPULATION LIFTING STAY TO LET LOMBARD ACTION TO PROCEED

[02960] STIPULATION PRESERVING CERTAIN RECORDS IN NEUBERGER

[02961] ADVERSARY PROCEEDING -- LBHI vs. JPMorgan Chase Bank

[02962] ADVERSARY PROCEEDINGS -- LBHI & LBSF vs. Nomura Entities

[02963] CLAIMS WITHDRAWAL -- March 21 to 23, 2011

[02964] RULE 2019 STATEMENT -- Shearman & Sterling

[02965] RULE 2019 STATEMENTS -- Duane Morris, et al.

[02966] LBI CLAIM TRANSFERS -- October 2010 to February 2011

[02967] HKMA REPORTS PROGRESS OF PROBE ON LEHMAN-RELATED CASES

A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN|BROTHERS">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN|BROTHERS</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

LEHMAN BROTHERS BANKRUPTCY NEWS tracks the restructuring of Lehman Brothers Holdings Inc.

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