(EMAILWIRE.COM, January 19, 2009 ) FAIRLESS HILLS, Pa. -- Jan. 19, 2009 -- Bankruptcy Creditors' Service, Inc., published Issue No. 14 of LEHMAN BROTHERS BANKRUPTCY NEWS today. The 29-page newsletter contains stories with these headlines:

[00767] LEHMAN TO GET OUT OF BANKRUPTCY IN 2 YEARS, CHIEF SAYS
[00768] COURT DIRECTS APPOINTMENT OF EXAMINER IN LEHMAN'S CASE
[00769] NY COMPTROLLER'S MOTION FOR APPOINTMENT OF TRUSTEE
[00770] LBHI'S MOTION TO EXTEND CH. 11 PLAN EXCLUSIVITY PERIODS
[00771] DEBTORS' MOTION TO EXTEND DEADLINE TO FILE SCHEDULES
[00772] LBHI'S MOTION TO EXTEND TIME TO DECIDE ON LEASES
[00773] LEHMAN BROTHERS' BNC MORTGAGE FILES FOR CHAPTER 11
[00774] REINET IN TALKS IN BUYING LEHMAN MERCHANT BANKING
[00775] LBHI SETS DERIVATIVE CONTRACTS' ASSIGNMENT PROTOCOL
[00776] DEBTORS' MOTION TO USE EXISTING CASH MANAGEMENT SYSTEM
[00777] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS
[00778] BNY MELLON TO INVESTIGATE LBHI, ET AL. ON BONDS
[00779] LBHI'S APPLICATION TO EMPLOY ERNST & YOUNG AS AUDITOR
[00780] DEBTORS' MOTION TO EMPLOY KELLY WRIGHT AS ART CONSULTANT
[00781] STIPULATION ALLOWING LBHI'S EXIT FROM $370MM KAPALUA LOAN
[00782] STIPULATIONS REQUIRING THE RETURN OF MISDIRECTED TRANSFER
[00783] LBI'S STIPULATION WITH LCPI TO ASSUME AND ASSIGN CONTRACT
[00784] LBSF'S STIPULATION WITH MKP & JPMORGAN FOR RETURN OF $4MM
[00785] RULE 2019 STATEMENT -- Akin Gump Strauss Hauer & Feld LLP
[00786] RULE 2019 STATEMENT -- Ropes & Gray
[00787] RULE 2019 STATEMENT -- Kaye Scholer
[00788] RULE 2019 STATEMENT -- Paul, Weiss, Rifkind, Wharton
[00789] RULE 2019 STATEMENT -- Pillsbury Winthrop Shaw Pittman
[00790] LAWMAKERS PUSH BILL TO PAY GOV'T LOSSES IN FAILED FUNDS
[00791] MOODY'S DOWNGRADES DEBT ON AUSTIN OFFICE AMID LEHMAN SPAT
[00792] PBGC FILES SUIT VS. LEHMAN TO PROTECT WORKERS & RETIREES

A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN|BROTHERS for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

LEHMAN BROTHERS BANKRUPTCY NEWS tracks the restructuring of Lehman Brothers Holdings Inc.

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LEHMAN BROTHERS BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.

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Contact Information:
Bankruptcy Creditors' Service, Inc.
Peter A. Chapman
Tel: (215) 945-7000
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