Updated Information for Former Customers of Lehman Brothers, Inc.

Updated Information for Former Customers of Lehman Brothers, Inc. On September 19, 2008, on an application by the Securities Investor Protection Corporation (SIPC), the United States District Court for the Southern District of New York entered an Order:

 

  • Placing Lehman Brothers Inc. (LBI) in liquidation under the Securities Investor Protection Act,
  • Appointing James W. Giddens as trustee for the liquidation of the business of LBI, and Hughes Hubbard & Reed LLP as his counsel, and
  • Removing the proceeding to the United States Bankruptcy Court for the Southern District of New York where the liquidation is pending.

 

Since September 19, 2008, the Trustee has facilitated the transfer of over 135,000 LBI retail customer accounts to Neuberger Berman, LLC (through its clearing firm, Ridge Clearing & Outsourcing Solutions, Inc.) and Barclays Capital. In addition, on October 7, 2008, the Trustee issued protocols governing the transfer of LBI prime brokerage customer accounts to other firms.

With the permission of the Bankruptcy Court, on December 1, 2008, the Trustee published notice of the liquidation proceeding and mailed copies of the notice and claims materials to customers and other creditors of LBI. Customers who are still owed cash and/or securities by LBI must file a claim with the Trustee for them. Claims forms are available on the Trustee's Web site at www.lehmantrustee.com or by writing to the Trustee at the address of his counsel:

 

Hughes Hubbard & Reed LLP
One Battery Park Plaza
New York, NY 10004
Attn: LBI Claim Form Request

 

Claim forms also may be downloaded from SIPC's Web site at www.sipc.org.

Customer claim forms or general creditor proofs of claim, together with supporting documents, may be filed either electronically online at www.lehmantrustee.com or by mail, preferably by certified mail, return receipt requested. Claim forms filed by mail should be sent to:

If by first class mail:
Lehman Brothers Inc. Claims Processing
c/o Epiq Bankruptcy Solutions, LLC
P.O. Box 6389
Portland, OR 97228-6389

If by overnight mail:
Lehman Brothers Inc. Claims Processing
c/o Epiq Bankruptcy Solutions, LLC
10300 SW Allen Blvd
Beaverton, OR 97005


For more information, visit SIPC's Web site at www.sipc.org.