SYS-CON MEDIA Authors: Jnan Dash, Elizabeth White, Yeshim Deniz, Pat Romanski, Nikita Ivanov

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Ninth Notice Regarding Disposition of LBI Estate Securities - April 7, 2014

NEW YORK, April 7, 2014 /PRNewswire/ -- James W. Giddens, Trustee for the liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor Protection Act, in keeping with his statutory duty and ongoing focus of maximizing the value of the LBI general estate, along with his counsel at Hughes Hubbard & Reed LLP, continues to implement a strategy to liquidate securities and raise cash for distributions to customers and general creditors. 

With the advice and consent of the Securities Investor Protection Corporation and in consultation with advisors to major creditor constituencies, the Trustee retained Miller Buckfire & Co., LLC. and Stifel Fixed Income to help sell all remaining securities. 

Consistent with the procedures outlined in the Notice dated February 12, 2014 (available at www.lehmantrustee.com), Miller Buckfire and Stifel Fixed Income are offering Pool 7, a pool of 1,418 DTC Book Entry securities, predominantly equities, for sale. A complete listing of the securities can be found in the data room described below.

Sales inquiries can be made to:

Al Lhota

Senior Managing Director

[email protected]

T: +1 203 717 6524

Matthew Stewart

Vice President

[email protected]

T: +1 203 717 6483

Media Contact for the Trustee
Jake Sargent
[email protected]
202-569-5086

THE SECURITIES SOLD IN ANY AUCTION HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ACT), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO, OR FOR THE BENEFIT OF, U.S. PERSONS ABSENT REGISTRATION UNDER, OR AN APPLICABLE EXEMPTION FROM, THE REGISTRATION REQUIREMENTS OF THE ACT AND APPLICABLE STATE SECURITIES LAW.  THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY THE AUCTION SECURITIES, AND SHALL NOT CONSTITUTE AN OFFER, SOLICITATION OR SALE IN ANY JURISDICTION IN WHICH, OR TO ANY PERSONS TO WHOM, SUCH OFFERING, SOLICITATION OR SALE WOULD BE UNLAWFUL.

SOURCE Office of the Trustee for the Liquidation of Lehman Brothers Inc.

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