Lehman Brothers Holdings to explore monetization options for claims

By Caroline Salls

Pittsburgh, May 10 - Lehman Brothers Holdings Inc. plans to explore monetization opportunities related to the general unsecured claims against Lehman Brothers Inc. held by the holding company and some of its controlled affiliates, according to a company news release.

Lehman said it retained Lazard to advise it in connection with exploring these opportunities.

The company said the claims will be allowed under a settlement agreement reached on Feb. 21 with Lehman Brothers Inc. SIPA liquidation trustee James W. Giddens, subject to agreement conditions.

The agreement was approved by the U.S. Bankruptcy Court for the Southern District of New York on April 16.

New York-based Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the United States. The company emerged from bankruptcy on March 6, 2012.

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