IN RE LEHMAN BROS. HOLDINGS, INC.

Nos. 08 Civ. 8869(DLC), 08 Civ. 8914(DLC).

415 B.R. 77 (2009)

In re LEHMAN BROTHERS HOLDINGS, INC., et al., Debtor. Bay Harbour Management, L.C., et al., Appellants, v. Lehman Brothers Holdings Inc., et al., Appellees.

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

March 13, 2009.


Attorney(s) appearing for the Case

David S. Rosner, Andrew K. Glenn, Ronald R. Rossi, Kasowitz, Benson, Torres & Friedman LLP, New York, NY, for Appellants.

Lindsee P. Granfield, Lisa M. Schweitzer, Cleary Gottlieb Steen & Hamilton LLP, New York, NY, for Appellee Barclays.

Harvey R. Miller, Michelle J. Meises, Weil, Gotshal & Manges LLP, New York, NY, for Appellee Lehman Brothers Holdings Inc.

James B. Kobak, Jr., David W. Wiltenburg, Sarah L. Cave, Jeffrey S. Margolin, Hughes Hubbard & Reed LLP, New York, NY, for Appellee James Giddens, SIPA Trustee.


OPINION & ORDER

DENISE COTE, District Judge.

This bankruptcy appeal arises out of the financial collapse of Lehman Brothers in 2008, when it was the fourth largest independent investment banking and financial services enterprise in the United States. Barclays Capital, Inc. ("Barclays") purchased certain divisions of Lehman Brothers within days of Lehman Brothers declaring bankruptcy on September 15, 2008. Bay Harbour Management, L.C., Bay Harbour...

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