Lehman Brothers Financial SA (LEHNQ)

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Richard Katz,requests authority to cause LBHI to issue preferred stock so
that such stock is available to substitute for equity securities (the “ECAPS”) previously issued by
five non-debtor partnerships. The relief requested will enable LBHI’s creditors to realize the
value of those five partnerships to which they are contractually entitled. It will ensure that both
LBHI and the holders of the ECAPS remain in the economic positions and recover in the
priorities to which they contractually agreed prepetition, preventing a windfall to third parties at
the expense of creditors of LBHI.
http://dm.epiq11.com/#/case/LBH/dockets