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CLAIMS CONSOLIDATION AUCTION PROCEDURES1
These procedures (the “Procedures”) have been approved by order (the “Procedures Order”) of the United States Bankruptcy Court for the Southern District of New York (the “Court”) entered on September [__], 2019 in the above-captioned case (ECF No. [__]).
These Procedures set forth the terms and conditions pursuant to which Lehman Brothers Holdings Inc. (“LBHI”), as Plan Administrator under the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors (the “Plan”), is authorized to facilitate the voluntary sale and assignment of eligible claims against LBHI to a third-party purchaser (a “Sponsor”).2
I. Eligible Claims
(a) Eligible Classes. Only Allowed claims in the following Plan Classes (the “Eligible Classes”) are eligible to participate: LBHI Class 3, LBHI Class 4A, LBHI Class 4B, LBHI Class 5, LBHI Class 7, LBHI Class 8, and LBHI Class 9A.
(b) Eligible Claims.
(i) On or before September 27, 2019, LBHI will publish at Epiq 11 a schedule (the “Record Date Schedule of Claims”) of claims (each, an “Eligible Claim” and the holder, an “Eligible Claimant”) as of September 20, 2019 (Prevailing Eastern Time) (the “Record Date”). Contemporaneously therewith, the Plan Administrator will publish a summary of the Eligible Claims in each Eligible Class, which will include the aggregate number of Eligible Claims and the aggregate Allowed amount of such Eligible Claims.
(ii) Only Eligible Claims may participate in the Claims Consolidation Auction.
Giunge conferma to facilitate the voluntary sale and assignment of eligible claims against LBHI to a third-party
These procedures (the “Procedures”) have been approved by order (the “Procedures Order”) of the United States Bankruptcy Court for the Southern District of New York (the “Court”) entered on September [__], 2019 in the above-captioned case (ECF No. [__]).
These Procedures set forth the terms and conditions pursuant to which Lehman Brothers Holdings Inc. (“LBHI”), as Plan Administrator under the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors (the “Plan”), is authorized to facilitate the voluntary sale and assignment of eligible claims against LBHI to a third-party purchaser (a “Sponsor”).2
I. Eligible Claims
(a) Eligible Classes. Only Allowed claims in the following Plan Classes (the “Eligible Classes”) are eligible to participate: LBHI Class 3, LBHI Class 4A, LBHI Class 4B, LBHI Class 5, LBHI Class 7, LBHI Class 8, and LBHI Class 9A.
(b) Eligible Claims.
(i) On or before September 27, 2019, LBHI will publish at Epiq 11 a schedule (the “Record Date Schedule of Claims”) of claims (each, an “Eligible Claim” and the holder, an “Eligible Claimant”) as of September 20, 2019 (Prevailing Eastern Time) (the “Record Date”). Contemporaneously therewith, the Plan Administrator will publish a summary of the Eligible Claims in each Eligible Class, which will include the aggregate number of Eligible Claims and the aggregate Allowed amount of such Eligible Claims.
(ii) Only Eligible Claims may participate in the Claims Consolidation Auction.
Giunge conferma to facilitate the voluntary sale and assignment of eligible claims against LBHI to a third-party
