1:08-ap-01420•Lehman Brothers Inc.
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UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re LEHMAN BROTHERS INC., Debtor. Case No. 08-01420 (JMP) SIPA Rel. ECF Nos. 4963 and 4998 ORDER CONFIRMING THE TRUSTEE’S DETERMINATION OF CLAIMS RELATED TO SOFT DOLLAR COMMISSION CREDITS Upon the Trustee’s Motion For An Order Confirming The Trustee’s Determination Of Claims Related To Soft Dollar Commission Credits1 (the “Soft Dollar Motion”) dated March 20, 2012 (ECF No. 4963) of James W. Giddens (the “Trustee”), as trustee for the liquidation of Lehman Brothers Inc. (“LBI”), seeking entry of an order confirming the Trustee’s Determination denying customer status to claims based on soft dollar commission credit balances and expunging objections thereto, as more fully set forth in the Soft Dollar Motion, the Supplement To Trustee’s Motion For An Order Confirming The Trustee’s Determination Of Claims Related To Soft Dollar Commission Credits (the “Soft Dollar Supplement”) dated March 29, 2012 (ECF No. 4998), the Memorandum of Law of the Securities Investor Protection Corporation in Support of Trustee’s Motion for Order Confirming the Trustee’s Determination of Claims Related to Soft Dollar Commission Credits dated April 17, 2012 (ECF No. 5030); and the Court having jurisdiction to consider the Soft Dollar Motion and the Soft Dollar Supplement and the relief requested therein in accordance with SIPA § 78eee(b)(4); and due and proper notice of the Soft Dollar Motion and the Soft Dollar 1. Capitalized terms not defined herein shall have the meaning ascribed to them in the Soft Dollar Motion. 08-01420-scc Doc 5163 Filed 07/16/12 Entered 07/16/12 16:31:10 Main Document Pg 1 of 3
2 Supplement having been provided in accordance with the Amended Case Management Order (ECF No. 3466); and it appearing that no other or further notice need be provided; and the Court having held a hearing on May 17, 2012; and based upon the factual findings and legal conclusions set forth in the Court’s Memorandum Decision Confirming The Trustee’s Determination of Claims Relating to Soft Dollar Commission Credits (the “Memorandum Decision”) (ECF No. 5139); and sufficient cause appearing therefor, it is ORDERED, that the Soft Dollar Motion and the Soft Dollar Supplement are granted in all respects; and it is further ORDERED, that, in accordance with the Memorandum Decision, claims in this proceeding based on soft dollar commission credit balances are not customer claims within the meaning of SIPA; and it is further ORDERED, that the Trustee’s Determination that the claims for soft dollar commission credit balances listed on Schedule A attached hereto are not customer claims under SIPA are hereby confirmed; and it is further ORDERED, that the objections corresponding thereto, identified on Schedule A, are hereby disallowed and expunged; and it is further ORDERED, that this Court shall retain jurisdiction to hear and determine all matters arising from or related to this Order. Dated: New York, New York July 16, 2012 s/ James M. Peck HONORABLE JAMES M. PECK, UNITED STATES BANKRUPTCY JUDGE 08-01420-scc Doc 5163 Filed 07/16/12 Entered 07/16/12 16:31:10 Main Document Pg 2 of 3
SCHEDULE A CLAIM NO. CLAIMANT OBJECTION ECF NO. 900001815 BERNSTEIN VALUE EQUITIES 4998 (Soft Dollar Supplement Ex. B) 900006124 BLACKROCK FINANCIAL MANAGEMENT INC. 2389 900002668 A: 900002669 THE BOSTON COMPANY ASSET MANAGEMENT, LLC 2111 900002671 D: 900002600 THE BOSTON COMPANY ASSET MANAGEMENT, LLC 2111 900005597 D: 900004339 A: 900005798 DUQUESNE CAPITAL MANAGEMENT, L.L.C. 3043 800001130 FAF ADVISORS, INC. 4964 (Stapleton Decl. Ex. E1) 900001539 FISHER INVESTMENTS 2069 900003218 GE ASSET MANAGEMENT INC. 2283 900005697 KENWOOD CAPITAL MANAGEMENT LLC 2385 900002733 LOS ANGELES CITY EMPLOYEES’ RETIREMENT SYSTEM 4964 (Stapleton Decl. Ex. E2) 900007145 OPPENHEIMER CAPITAL INCOME FUND 2294 900007147 OPPENHEIMER EQUITY INCOME FUND 2296 900000002 A: 900007139 OPPENHEIMER MAIN STREET FUND 2434 900007146 OPPENHEIMER SMALL & MID CAP VALUE FUND 2295 900007144 OPPENHEIMER MAIN STREET FUND /VA 2293 900007142 OPPENHEIMER MAIN STREET OPPORTUNITY FUND 2291 900007141 OPPENHEIMER MAIN STREET SMALL CAP 2290 900000003 A: 900007140 OPPENHEIMER VALUE FUND 2475 900007143 PACIFIC SELECT MAIN STREET CORE PORTFOLIO 2292 900003389 RIVERSOURCE INVESTMENTS LLC 2386 900003390 RIVERSOURCE INVESTMENTS LLC 2384 900004583 SOUND ENERGY PARTNERS, INC. 2110 800000349 D: 800000562 WEINTRAUB CAPITAL MANAGEMENT, L.P. 2405 08-01420-scc Doc 5163 Filed 07/16/12 Entered 07/16/12 16:31:10 Main Document Pg 3 of 3
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