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Lehman Motion to Pay $8.25 Million for Settlement

Lehman Motion to Pay $8.25 Million for Settlement

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Published by DealBook
Lehman Brothers bankruptcy motion to pay $8.25 million for a settlement of a lawsuit by the New Jersey Department of the Treasury.
Lehman Brothers bankruptcy motion to pay $8.25 million for a settlement of a lawsuit by the New Jersey Department of the Treasury.

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Published by: DealBook on Aug 29, 2011
Copyright:Attribution Non-commercial

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05/25/2012

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HearingDateandTime:September14.2011at10:00a.m.(prevailingEasternTime)ObjectionDateandTime:September7,2011at4:00p.m.(PrevailingEasternTime)
DECHERTLLP1095AvenueoftheAmericasNewYork,NewYork10036Telephone:(212)698-3500Facsimile:(212)698-3599AndrewJ.LevanderKathleenN.MasseyAdamJ.WassermanAttorneysforMichaelAinslie,JohnF.Akers,RogerS.Berlind,ThomasH.Cruikshank,MarshaJohnsonEvans,SirChristopherGent,RolandA.Hernandez,HenryKaufmanandJohnD.Macomber
[AlsofiledbyRichard
S.
Fuld,Jr.,ChristopherM
0
'Meara,JosephMGregory,ErinCallan,IanT.Lowitt,DavidGoldfarb,HerbertMcDade,III,ThomasRussoandMarkWalsh]
UNITEDSTATESBANKRUPTCYCOURTSOUTHERNDISTRICTOFNEWYORK
------------------------------------------,
---------------------x
InreChapter11CaseNo.LEHMANBROTHERSHOLDINGSINC.,
etal.,
08-13555(JMP)Debtors.(JointlyAdministered)
----------------------------------------------------------------------x
NOTICEOFINSUREDPERSONS'MOTION,PURSUANTTOSECTION362OFTHEBANKRUPTCYCODE,'FORANORDERMODIFYINGTHEAUTOMATICSTAYTOALLOWSETTLEMENTPAYMENTUNDERDIRECTORSANDOFFICERSINSURANCEPOLICYTOSETTLETHENEWJERSEYACTIONPLEASETAKENOTICEthatahearingontheannexedMotionofRichardS.Fuld,Jr.,ChristopherM.O'Meara,JosephM.Gregory,ErinCallan,IanT.Lowitt,DavidGoldfarb,HerbertH.McDade,III,ThomasRusso,MarkWalsh,MichaelAinslie,JohnF.Akers,RogerS.Berlind,ThomasH.Cruikshank,MarshaJohnsonEvans,SirChristopherGent,RolandA.Hernandez,HenryKaufmanandJohnD.Macomber(collectively,the"InsuredPersons"),for
 
relieffromtheautomaticstay,totheextentapplicable,topermitthethird-partyinsurersofLehmanBrothersHoldingsInc.("LBHI")anditsaffiliateddebtorsintheabove-referencedchapter11cases(the"Debtors"and,collectivelywiththeirnon-debtoraffiliates,"Lehman")tomakepaymentsinconnectionwithacertainsettlementagreement,allasmorefullydescribedintheMotion,willbeheldbeforetheHonorableJamesM.Peck,UnitedStatesBankruptcyJudge,attheUnitedStatesBankruptcyCourt,AlexanderHamiltonCustomsHouse,Courtroom601,OneBowlingGreen,NewYork,NewYork10004(the"BankruptcyCourt"),onSeptember
14,
2011at10:00a.m.(prevailingEasternTime)(the"Hearing").PLEASETAKEFURTHERNOTICEthatobjections,ifany,totheMotionshallbeinwriting,shallconformtotheFederalRulesofBankruptcyProcedure(the"BankruptcyRules")andtheLocalRulesoftheBankruptcyCourtfortheSouthernDistrictofNewYork,shallsetforththenameoftheobjectingparty,thebasisfortheobjectionandthespecificgroundsthereof,shallbefiledwiththeBankruptcyCourtelectronicallyinaccordancewithGeneralOrderM-242(whichcanbefoundatwww.nysb.uscourts.gov)byregisteredusersoftheBankruptcyCourt'scasefilingsystemandbyallotherpartiesininterest,ona3.5inchdisk,preferablyinPortableDocumentFormat(PDF),WordPerfect,oranyotherWindows-basedwordprocessingformat(withtwohardcopiesdelivereddirectlytoChambers),andshallbeservedupon:(i)thechambersoftheHonorableJamesM.Peck,OneBowlingGreen,NewYork,NewYork10004,Courtroom601;(ii)DechertLLP,1095AvenueoftheAmericas,NewYork,NewYork,10036,Attn:AdamJ.Wasserman,Esq.,attorneysforMichaelAinslie,JohnF.Akers,RogerS.Berlind,ThomasH.Cruikshank,MarshaJohnsonEvans,SirChristopherGent,Roland
A.
Hernandez,HenryKaufinanandJohnD.Macomber;(iii)Allen&OveryLLP,1221AvenueoftheAmericas,NewYork,NewYork,10020,Attn:PatriciaM.Hynes,Esq.,attorneysforRichardS.2
 
Fuld,Jr.;(iv)SillsCummis
&
Gross,LLP,30RockefellerPlaza,NewYork,NewYork,10112,Attn:JeffreyJ.Greenbaum,Esq.,attorneysforChristopherM.O'Meara,JosephM.Gregory,IanT.Lowitt,DavidGoldfarb,HerbertMcDade,IIIandThomasRusso;(v)ProskauerRose,11TimesSquare,NewYork,NewYork,10036,Attn:RobertJ.Cleary,Esq.,attorneysforErinCallan;(vi)Spears
&
ImesLLP,51MadisonAvenue,NewYork,NewYork,10010,Attn:DavidSpears,Esq.,attorneysforMarkWalsh;(vii)WeilGotshal
&
MangesLLP,767FifthAvenue,NewYork,NewYork10153,Attn:RichardP.Krasnow,Esq.,attorneysfortheDebtors;(viii)theOfficeoftheUnitedStatesTrusteefortheSouthernDistrictofNewYork,33WhitehallStreet,21stFloor,NewYork,NewYork10004,Attn:TracyHopeDavis,Esq.,AndyVelez-Rivera,Esq.,PaulSchwartzberg,Esq.,BrianMasumoto,Esq.,andLindaRiffkin,Esq.;(ix)Milbank,Tweed,Hadley
&
McCloyLLP,1ChaseManhattanPlaza,NewYork,NewYork10005,Attn:DennisF.Dunne,Esq.,EvanFleck,Esq.andDennisO'Donnell,Esq.,attorneysfortheofficialcommitteeofunsecuredcreditorsappointedinthesecases;(x)WalkerWilcoxMatousekLLP,225W.WashingtonStreet,Chicago,Illinois60606,Attn:JamesHuberty,Esq.andPaulF.Matousek,Esq.,attorneysACEBermudaInsuranceLtd.;and(xi)BaileyCavalieriLLC,OneColumbus,10WestBroadSt.Suite2100,Columbus,Ohio43215,Attn:ThomasE.Geyer,Esq.andRobertEblin,Esq.,attorneysforSt.PaulMercuryInsuranceCompany,soastobesofiledandreceivedbynolaterthan
September
7,2011
at
4:00
p.m.(PrevailingEasternTime)
(the"ObjectionDeadline").PLEASETAKEFURTHERNOTICEthatifanobjectiontotheMotionisnotreceivedbytheObjectionDeadline,thereliefrequestedshallbedeemedunopposed,andtheBankruptcyCourtmayenteranordergrantingthereliefsoughtwithoutahearing.3

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