April 30, 2009
The bar date for the filing general non-customer creditor claims in the Lehman Brothers, Inc. SIPA proceeding is June 1st, 2009. No claim of any kind will be allowed in the LBI SIPA proceeding, unless it is received by the Trustee, through its claims agent Epiq Bankruptcy Solutions, LLC, on or before June 1, 2009.
The bar date for customer claims was January 30, 2009, and the Trustee is now in the process of reviewing and reconciling such claims. Given the high volume of claims received, there is no current estimate of when the claim determinations will be complete, or what the total dollar amount of customer or other claims may be. The Trustee has estimated that producing determination letters for all customer claims received will take several months.
Please do not hesitate to contact us with any questions you may have and we look forward to assisting you.
Please see our earlier update.
Gibson, Dunn & Crutcher’s Business Restructuring and Reorganization Practice Group is available to assist in addressing any questions you may have regarding these issues. Please contact the Gibson Dunn attorney with whom you work, or any of the following practice group members:
Michael A. Rosenthal, Co-Chair – New York (212-351-3969, firstname.lastname@example.org)
Craig H. Millet, Co-Chair – Orange County (949-451-3986, email@example.com)
David M. Feldman, Co-Chair – New York (212-351-2366, firstname.lastname@example.org
Janet M. Weiss – New York (212-351-3988, email@example.com)
Matthew J. Williams – New York (212-351-2322, firstname.lastname@example.org)
J. Eric Wise – New York (212-351-2620, email@example.com)
Oscar Garza – Orange County (949-451-3849, firstname.lastname@example.org)
Dennis B. Arnold – Los Angeles (213-229-7864, email@example.com)
© 2009 Gibson, Dunn & Crutcher LLP
Attorney Advertising: The enclosed materials have been prepared for general informational purposes only and are not intended as legal advice.