SECOND STATUS REPORT WITH RESPECT TO AVOIDANCE ACTIONS. Edward S. Weisfelner, as the Trustee of the LB Litigation Trust (the Trustee ), by his

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1 BROWN RUDNICK LLP 7 Times Square New York, NY (212) Steven D. Pohl Thomas H. Montgomery One Financial Center Boston, MA (617) WHITEFORD, TAYLOR & PRESTON LLP Paul M. Nussbaum Brent C. Strickland Seven Saint Paul Street, Suite 1800 Baltimore, MD (410) Attorneys for Edward S. Weisfelner, as Trustee of the LB Litigation Trust UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK x In re: Chapter 11 LYONDELL CHEMICAL COMPANY, et al., Debtors x Case No (REG) (Jointly Administered) SECOND STATUS REPORT WITH RESPECT TO AVOIDANCE ACTIONS Edward S. Weisfelner, as the Trustee of the LB Litigation Trust (the Trustee ), by his undersigned counsel, hereby submits its Second Status Report (the Second Report ) pursuant to the Order Approving Motion of Trustee of the LB Litigation Trust for an Order Establishing Procedures Governing Assigned Preference Claims dated March 21, This Second Report addresses those adversary proceedings settled or voluntarily dismissed by the Trustee from the date of the First Status Report (March 31, 2011) through the date hereof (the Resolved Adversaries ). Attached as Exhibit A hereto is a list of the Resolved

2 Adversaries, which details the name of the defendant, the adversary proceeding number and an indication as to whether the adversary proceeding was settled or dismissed. Dated: July 27, 2011 Respectfully submitted, BROWN RUDNICK LLP By:/s/ Thomas H. Montgomery BROWN RUDNICK LLP 7 Times Square New York, NY Tel: (212) and Steven D. Pohl Thomas H. Montgomery One Financial Center Boston, MA (617) and WHITEFORD, TAYLOR & PRESTON LLP Paul M. Nussbaum Brent C. Strickland Seven Saint Paul Street, Suite 1800 Baltimore, MD (617) ATTORNEYS FOR EDWARD S. WEISFELNER, AS TRUSTEE OF THE LB LITIGATION TRUST 2

3 EXHIBIT A Name of Defendant Airgas Settlement Alloy Carbide Company Dismissal Alpha Technical Services, Inc Dismissal American Arbitration Association Settlement American Commercial Lines, LLC Settlement American Institute of Chemical Engineers Dismissal Anixter International, Inc Dismissal Bo-Ge Assembly Inc Dismissal Cambridge Viscosity, Inc Settlement Cameron International Corporation d/b/a Cameron Compression Systems Dismissal C-B Gear and Machine Inc Settlement Chicago Power & Process, Inc Dismissal Compressor and Turbine Services LLC Settlement Compressor Controls Corp Settlement Condit Company, Inc Dismissal Cust-O-Fab Inc. c/o Poe Sales Inc Dismissal Data South Systems, Inc Dismissal Data Transmission Network Corp Dismissal Diversified Industries, Inc. d/b/a Diversified Pump and Compressor Dover Fluid Management Inc. d/b/a Cook Compression Dismissal Dismissal DP Electronics, Inc Dismissal Eastern Industrial Supplies, Inc Settlement Eggelhof, Inc Dismissal e-know, inc Dismissal Environmental Analytics Inc Settlement Equilibrium Catalyst Inc Settlement ERM Southwest, Inc Dismissal Essential Technology Solutions LLC Dismissal Expansion Seal Technologies Inc Settlement Experitec Inc Settlement 3

4 Name of Defendant Fairmont Supply Company Settlement First Capital Corporation Settlement Garlie, Inc., d/b/a Sir Speedy Printing Center Dismissal Gay Engineering Sales & Co., Inc Settlement Georgia Gulf Corp Dismissal Giuseppe Saggese Dismissal Greensport Ship/Channel Partners, L.P Settlement Hach Company Settlement HD Supply Settlement Indiana Rail Road Corporation Settlement ipass, Inc Settlement JT Cullen Company, Inc Settlement Kemper Lakes Golf Club, LLC Dismissal KMT Waterjet Systems, Inc Dismissal Kratos Southwest LP Dismissal Lubrication Systems Co Settlement Mangan, Inc Settlement Market Actives Dismissal Mary Jane Naquin Dismissal McDonough Construction Rentals, Inc Settlement Measurement Resources Inc Dismissal Mechanical Integrity Inc Settlement Merymac, Inc., A Georgia Corporation doing business as Management Recruiters of Savannah Dismissal Metso Minerals Industries, Inc Dismissal Michael A. Cooper Dismissal Morton Salt, Inc Settlement NACD, LLC d/b/a National Association of Chemical Distributors Dismissal National Paint & Coatings Association Dismissal North Metal & Chemical Company Settlement Odfjell Terminals (Rotterdam) B.V Settlement Oilfield Fabricating & Machine, Inc Settlement Petro Chem Refrigeration, Inc Settlement 4

5 Name of Defendant Prism Public Affairs LLC Dismissal Renold Inc Settlement Robert Half International Inc., d/b/a The Creative Group Settlement Rogers Cartage Co Dismissal Schrader-Bridgeport, Inc Settlement Sixnet, LLC Dismissal Southeast Texas Starter Company Settlement Stephen M. Williams Settlement Tech-Quip, Inc Settlement Tenaska Power Services Co Settlement The East Ohio Gas Company d/b/a Dominion East Ohio Dismissal The Trust for Public Land Dismissal Unitex Chemical, Inc Settlement University of Illinois Foundation Dismissal Utility Service & Maintenance, Inc Settlement Victoria Electric Cooperative, Inc Settlement Voice Products, Inc Settlement Wildhawk Energy, Inc Dismissal #