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Notice: Update on the Distribution of Net Settlement Funds.

The Court has approved the distribution of the net settlement funds to eligible Court-approved Claimants who qualified for an award under the Plan of Allocation. A distribution of funds has occurred on the following dates:

July 2021

December 2016

July 2014 (Claims in Process Distribution)

August 2013

If you submitted a Claim in this case and have any questions related to that Claim, please contact the Claims Administrator whose contact information is listed here below:

In Re: Lehman Brothers Equity/ Debt Securities Litigation
P.O. Box 9821
Dublin, OH 43017-5721
1-800-505-6901

The claims administration has now concluded. In August 2013, an initial distribution of the net proceeds of these settlements was made to Settlement Class members who submitted valid claim forms that were eligible for payment. A distribution for Eligible Claims-In Process occurred in July 2014. A second distribution occurred in December 2016. A third distribution occurred in July 2021. Subsequent distributions will occur on a rolling basis, provided that net settlement funds are available.

Settlements in the In re Lehman Brothers Equity/Debt Securities Litigation (the “Action”) have been reached by the Court-appointed Lead Plaintiffs in the Action, Alameda County Employees' Retirement Association, Government of Guam Retirement Fund, Northern Ireland Local Government Officers' Superannuation Committee, City of Edinburgh Council as Administering Authority of the Lothian Pension Fund, and Operating Engineers Local 3 Trust Fund, with (i) certain of Lehman’s officers and directors during the relevant time period (the “D&O Defendants”) for $90,000,000 in cash (the “D&O Settlement”) and (ii) certain alleged underwriters of certain Lehman offerings (the “Settling Underwriter Defendants”) totaling $426,218,000 in cash (the “Underwriter Settlement”).

The following are important dates and deadlines that have now passed in connection with the settlements:

  • The Exclusion Filing Deadline was March 22, 2012.
  • The Objection Filing Deadline was March 22, 2012.
  • The Notice of Intention to Appear at Hearing Filing Deadline was March 22, 2012.
  • The Settlement Fairness Hearing was held on April 12, 2012 at 4:00pm.
  • The Claim Filing Deadline was May 17, 2012.

The Action is a class action lawsuit brought by investors alleging that they suffered damages as a result of material misrepresentations and omissions concerning certain aspects of Lehman’s financial results and operations in violation of the federal securities laws by, among others, the D&O Defendants and the Settling Underwriter Defendants.

Lead Plaintiffs and members of the settlement classes are represented by the law firms of Bernstein Litowitz Berger & Grossmann LLP and Kessler Topaz Meltzer & Check, LLP, the Court-appointed co-lead counsel in the Action ("Lead Counsel").

Please be sure to read the D&O Notice and the Underwriter Notice to fully understand your rights.