UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK
NOTICE REGARDING CERTAIN UK LITIGATION
As noted in the Quarterly Financial Report of Lehman Brothers Holdings Inc (“LBHI”) as of June
30, 2023,
the administrators of Lehman Brothers Holdings PLC (in administration) (“PLC”), a non-
controlled affiliate of LBHI, issued an application on March 14, 2023, in the High Court of England
& Wales for the determination of 5 legal issues relating to LBHI’s claims in the insolvency
proceedings of PLC (the “Application”). On 8 October 2023, LBHI, PLC and certain others entered
into a settlement agreement, following which the parties filed a consent order withdrawing 4 of those
issues from the Application and certain related applications so far as they relate to the withdrawn
issues.
The remaining issue, regarding the relative ranking of statutory interest and principal on subordinated
claims in the PLC administration, was heard in the High Court of England & Wales on 9 and 10
October 2022 and the Court reserved decision.
Further details on the settlement agreement can be found on the PLC administrators’ website:
in-administration.html.
Dated: October 16, 2023
New York, New York
/s/ Garrett A. Fail
Garrett A. Fail
WEIL, GOTSHAL & MANGES LLP
767 Fifth Avenue
New York, New York 10153
Telephone: (212) 310-8000
Facsimile: (212) 310-8007
Attorneys for Lehman Brothers Holdings Inc.
and Certain of Its Affiliates