IN RE LEHMAN BROS. HOLDINGS INC.

No. 08-13555 (JMP). Adversary No. 09-01242 (JMP).

422 B.R. 407 (2010)

In re LEHMAN BROTHERS HOLDINGS INC., et al., Debtors. Lehman Brothers Special Financing Inc., Plaintiff, v. BNY Corporate Trustee Services Limited, Defendant.

United States Bankruptcy Court, S.D. New York.

January 25, 2010.


Attorney(s) appearing for the Case

Weil, Gotshal & Manges LLP, Ralph I. Miller, Washington, DC, Peter Gruenberger, New York, NY, Meredith B. Parenti, Houston, TX, for Debtors.

Milbank, Tweed, Hadley & McCloy LLP, Wilbur F. Foster, Jr., New York, NY, James Warbey, London, England, for Official Committee of Unsecured Creditors.

Reed Smith LLP, Eric A. Schaffer, New York, NY, Ian B. Fagelson, London, England, for BNY Corporate Trustee Services Limited.


MEMORANDUM DECISION GRANTING MOTION FOR SUMMARY JUDGMENT AND DECLARING APPLICABLE PAYMENT PRIORITIES

JAMES M. PECK, Bankruptcy Judge.

Introduction

This is a matter arising out of a complex financial structure that includes an added layer of complexity due to the pendency of parallel and potentially conflicting legal proceedings in this Court and the United Kingdom. The litigation in England (the "English Litigation") was first commenced...

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