Monday, April 4, 2011

Lehman Trustee Wants Civil Action Removal Period Extended

FAIRLESS HILLS, Pa. -- The trustee for Lehman Brothers Inc.'s proceedings in the Securities Investor Protection Association has asked a bankruptcy court to extend the time for his to remove civil cases involving the bankrupt company.

More news on the Lehman case, including Paulson & Co.'s request to consider its disclosure statement for Lehman together with the disclosure statement proposed by Lehman, is available at LEHMAN BROTHERS Bankruptcy News, Issue No. 74 published by Bankruptcy Creditors' Service, Inc.

The 16-page newsletter contains stories with these headlines:


[02968] LEHMAN CREDITORS' MOTION TO APPROVE DISCLOSURE STATEMENT
[02969] DEBTORS' MOTION FOR COMPLIANCE WITH BANKRUPTCY RULE 2019
[02970] DEBTORS SEEK TO IMPLEMENT CONFIRMATION DISCOVERY PROCESS
[02971] DEBTORS' MOTION TO SET PROCEDURES TO SETTLE LOAN CLAIMS
[02972] DEBTORS' MOTION TO ISSUE SUBPOENAS FOR DEPOSITION
[02973] DEBTORS' MOTION TO RESOLVE DERIVATIVE CONTRACT CLAIMS
[02974] BNC MORTGAGE'S MOTION TO APPROVE DEAL WITH AURORA BANK
[02975] LBI TRUSTEE'S MOTION TO EXTEND TIME TO REMOVE ACTIONS
[02976] LBHI'S APPLICATION FOR LAZARD FRERES AS INVESTMENT BANKER
[02977] LBHI'S APPLICATION TO EMPLOY ERNST & YOUNG AS AUDITOR
[02978] DEBTORS' OMNIBUS OBJECTIONS TO CLAIMS
[02979] LB 2080, KALAIMOKU-KUHIO INK DEAL TO AMEND PRIOR ORDERS
[02980] STIPULATIONS CLOSING TRANSACTIONS BETWEEN LBI & BANKS
[02981] ADVERSARY PROCEEDING -- LCPI vs. Sark Master Fund Limited
[02982] ADVERSARY PROCEEDINGS -- LBHI & LBSF vs. Nomura Entities
[02983] OBJECTIONS TO LBI TRUSTEE'S DENIAL OF 100++ CLAIMS
[02984] CREDITORS TRANSFER CLAIMS TOTALING $2BB+ IN MARCH 2011
[02985] RULE 2019 STATEMENT -- Davis Polk & Wardwell
[02986] HONG KONG MINIBOND INVESTORS OFFERED HIGHER PAYOUT


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.

How to Subscribe to LEHMAN BROTHERS BANKRUPTCY NEWS

LEHMAN BROTHERS BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving LEHMAN BROTHERS BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=LEHMAN|BROTHERS">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=LEHMAN|BROTHERS</a>

Company: Bankruptcy Creditors' Service, Inc. 
Contact: Peter A. Chapman 
Phone: (215) 945-7000 
Email: peter[@]bankrupt.com

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