Rival Group in Lehman Case Holds $19BB in Claims

FAIRLESS HILLS, Pa. -- An ad hoc group of creditors of Lehman Brothers Holdings, Inc., led by Paulson & Co. disclosed in court papers that it holds claims aggregating more than $19.6 billion on the Debtors.

More news on the Lehman Brothers case, including the filing of a third competing plan by a group of creditors led by Goldman Sachs, is available in LEHMAN BROTHERS Bankruptcy News, Issue No. 77 published by Bankruptcy Creditors' Service, Inc.

The 22-page newsletter contains stories with these headlines:

[03040] GOLDMAN SACHS, ET AL. OFFER RIVAL RESTRUCTURING PLAN

[03041] DEBTORS SEEK TO IMPLEMENT CONFIRMATION DISCOVERY PROCESS

[03042] DEBTORS' MOTION FOR COMPLIANCE WITH BANKRUPTCY RULE 2019

[03043] RULE 2019 STATEMENT -- White & Case LLP

[03044] DEBTORS' MOTION TO INVEST IN NEW YORK PROPERTIES

[03045] DEBTORS' MOTION TO APPROVE SETTLEMENT WITH AEGIS MORTGAGE

[03046] LCPI'S MOTION TO ALLOW LEHMAN ALI TO OKAY INNKEEPERS DEAL

[03047] LCPI'S MOTION TO PURCHASE NOTES ISSUED BY PINE CCS

[03048] DEBTORS' MOTION TO APPROVE TRADE CONFIRMATIONS DECISIONS

[03049] DEBTORS' MOTION TO SET PROTOCOLS TO TERMINATE COMMITMENTS

[03050] DEBTORS' MOTION TO SETTLE ORDINARY COURSE CLAIMS

[03051] DEBTORS' MOTION TO SET DE MINIMIS ASSETS SALE PROCEDURES

[03052] DEBTORS' MOTION TO ISSUE SUBPOENAS FOR DEPOSITION

[03053] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS

[03054] RETAINED PROFESSIONALS' INTERIM FEE APPLICATIONS

[03055] FEE COMMITTEE SEEKS CHANGES IN FEE REVIEW PROTOCOL

[03056] LBI TRUSTEE INTERIM REPORT -- Oct. 2010 to April 2011

[03057] LBI TRUSTEE'S MOTION TO EXTEND TIME TO REMOVE ACTIONS

[03058] LBI TRUSTEE'S MOTION FOR DE MINIMIS ASSET SALE PROTOCOL

[03059] STIPULATIONS CLOSING TRANSACTIONS BETWEEN LBI & BANKS

[03060] STIPULATIONS REQUIRING THE RETURN OF MISDIRECTED TRANSFER

[03061] DEBTORS' OMNIBUS OBJECTIONS TO CLAIMS

[03062] CLAIMS WITHDRAWAL -- April 14, 2011

[03063] RULE 2019 STATEMENT -- Cleary Gottlieb

[03064] ADVERSARY PROCEEDING -- LBHI vs. JPMorgan Chase Bank

[03065] LBHI DELAYS FEB. 2011 QUARTER RESULTS FILING ON FORM 10-Q

[03066] GALLEON OFFSHORE UNIT SELLS $146.7-MIL. CLAIM ON LEHMAN

[03067] FDIC SAYS LEHMAN RESOLUTION ORDERLY UNDER DODD-FRANK ACT

[03068] HKMA REPORTS PROGRESS OF PROBE ON LEHMAN-RELATED CASES

[03069] LBI TRUSTEE, JPMORGAN INK DEAL TO RETURN CUSTOMER ASSETS

A copy of the 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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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.

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Company: Bankruptcy Creditors' Service, Inc. 

Contact: Peter A. Chapman 

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Email: peter[@]bankrupt.com