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Lehman Brothers Holdings in Palmdale Hills Property LLC

The firm represented certain Lehman Brothers entities in the chapter 11 cases of Palmdale Hills Property. As a prepetition lender, Lehman Brothers were owed in excess of $2 billion that were secured against 19 real estate developments. Lehman Brothers’ claims were resolved through a plan of reorganization developed by the firm that was confirmed while competing against plans filed by the Palmdale debtors.