SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

Schedule 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)

 

CROSSTEX ENERGY, L.P.

(Name of Issuer)

 

Senior Subordinated Series C Units

(Title of Class of Securities)

 

22765U201

(CUSIP Number)

 

February 16, 2008

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 


 

 

 

 

CUSIP No.

22765U201

 

 

 

 

1) Name of Reporting Person

Lehman Brothers Holdings Inc.

 

 

 

 

S.S. or I.R.S. Identification No. of Above Person

13-3216325

 

 

 

 

2) Check the Appropriate Box if a Member of a Group

(a) o

 

 

(b) o

 

 

 

 

3) SEC Use Only

 

 

 

 

 

4) Citizenship or Place of Organization

Delaware

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

 

 

 

5)

Sole Voting Power

0

 

 

 

 

 

6)

Shared Voting Power

0

 

 

 

 

 

7)

Sole Dispositive Power

0

 

 

 

 

 

8)

Shared Dispositive Power

0

 

 

 

 

 

 

9) Aggregate Amount Beneficially Owned by Each Reporting Person

0

 

 

 

 

10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares

o

 

 

 

 

11) Percent of Class Represented by Amount in Row 9

0%

 

 

 

 

12) Type of Reporting Person

HC/CO

 

 

 

 

 

 

 

CUSIP No.

22765U201

 

 

 

 

1) Name of Reporting Person

Lehman Brothers Inc.

 

 

 

 

S.S. or I.R.S. Identification No. of Above Person

13-2518466

 

 

 

 

2) Check the Appropriate Box if a Member of a Group

(a) o

 

 

(b) o

 

 

 

 

3) SEC Use Only

 

 

 

 

 

4) Citizenship or Place of Organization

Delaware

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

 

 

 

5)

Sole Voting Power

0

 

 

 

 

 

6)

Shared Voting Power

0

 

 

 

 

 

7)

Sole Dispositive Power

0

 

 

 

 

 

8)

Shared Dispositive Power

0

 

 

 

 

 

 

9) Aggregate Amount Beneficially Owned by Each Reporting Person

0

 

 

 

 

10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares

o

 

 

 

 

11) Percent of Class Represented by Amount in Row 9

0%

 

 

 

 

12) Type of Reporting Person

BD/CO

 

 

 

 

 

 

 

CUSIP No.

22765U201

 

 

 

 

1) Name of Reporting Person

LB I Group Inc.

 

 

 

 

S.S. or I.R.S. Identification No. of Above Person

13-2741778

 

 

 

 

2) Check the Appropriate Box if a Member of a Group

(a) o

 

 

(b) o

 

 

 

 

3) SEC Use Only

 

 

 

 

 

4) Citizenship or Place of Organization

Delaware

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

 

 

 

5)

Sole Voting Power

0

 

 

 

 

 

6)

Shared Voting Power

0

 

 

 

 

 

7)

Sole Dispositive Power

0

 

 

 

 

 

8)

Shared Dispositive Power

0

 

 

 

 

 

 

9) Aggregate Amount Beneficially Owned by Each Reporting Person

0

 

 

 

 

10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares

o

 

 

 

 

11) Percent of Class Represented by Amount in Row 9

0%

 

 

 

 

12) Type of Reporting Person

CO

 

 

 

 

 

 

 

CUSIP No.

22765U201

 

 

 

 

1) Name of Reporting Person

Lehman Brothers MLP Associates, L.P.

 

 

 

 

S.S. or I.R.S. Identification No. of Above Person

20-4916814

 

 

 

 

2) Check the Appropriate Box if a Member of a Group

(a) o

 

 

(b) o

 

 

 

 

3) SEC Use Only

 

 

 

 

 

4) Citizenship or Place of Organization

Delaware

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

 

 

 

5)

Sole Voting Power

0

 

 

 

 

 

6)

Shared Voting Power

0

 

 

 

 

 

7)

Sole Dispositive Power

0

 

 

 

 

 

8)

Shared Dispositive Power

0

 

 

 

 

 

 

9) Aggregate Amount Beneficially Owned by Each Reporting Person

0

 

 

 

 

10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares

o

 

 

 

 

11) Percent of Class Represented by Amount in Row 9

0%

 

 

 

 

12) Type of Reporting Person

PN

 

 

 

 

 

 

 

CUSIP No.

22765U201

 

 

 

 

1) Name of Reporting Person

Lehman Brothers MLP Partners, LP

 

 

 

 

S.S. or I.R.S. Identification No. of Above Person

20-4916839

 

 

 

 

2) Check the Appropriate Box if a Member of a Group

(a) o

 

 

(b) o

 

 

 

 

3) SEC Use Only

 

 

 

 

 

4) Citizenship or Place of Organization

Delaware

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

 

 

 

5)

Sole Voting Power

0

 

 

 

 

 

6)

Shared Voting Power

0

 

 

 

 

 

7)

Sole Dispositive Power

0

 

 

 

 

 

8)

Shared Dispositive Power

0

 

 

 

 

 

 

9) Aggregate Amount Beneficially Owned by Each Reporting Person

0

 

 

 

 

10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares

o

 

 

 

 

11) Percent of Class Represented by Amount in Row 9

0%

 

 

 

 

12) Type of Reporting Person

PN

 

 

 

 

 

 

 

Item 1(a).

Name of Issuer:

 

 

 

Crosstex Energy, L.P.

 

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

 

 

 

2501 Cedar Springs

Suite 600

 

Dallas, TX 75201

 

 

 

 

Item 2(a).

Name of Person(s) Filing:

 

 

 

Lehman Brothers Holdings Inc.

 

Lehman Brothers Inc.

 

LB I Group Inc.

 

Lehman Brothers MLP Associates, L.P.

 

Lehman Brothers MLP Partners, LP

 

 

Item 2(b).

Address of Principal Business Office:

 

 

 

Lehman Brothers Holdings Inc.

 

745 Seventh Avenue

 

New York, New York 10019

 

 

 

Lehman Brothers Inc.

 

745 Seventh Avenue

 

New York, New York 10019

 

 

 

LB I Group Inc.

 

399 Park Avenue

 

New York, New York 10022

 

 

 

Lehman Brothers MLP Associates, L.P.

 

399 Park Avenue

 

New York, New York 10022

 

 

 

Lehman Brothers MLP Partners, LP

 

399 Park Avenue

 

New York, New York 10022

 

 

 

 

 

 

 

Item 2(c).

Citizenship or Place of Organization:

 

 

 

Lehman Brothers Holdings Inc. (“Holdings”) is a corporation organized under the laws of the State of Delaware.

 

 

 

Lehman Brothers Inc. (“LBI”) is a corporation organized under the laws of the State of Delaware. LBI is a broker-dealer registered under Section 15 of the Act.

 

 

 

LB I Group Inc. (“LB I Group”) is a corporation organized under the laws of the State of Delaware.

 

 

 

Lehman Brothers MLP Associates, L.P. (“MLP Assoc LP”) is a limited partnership formed under the laws of the State of Delaware.

 

 

 

Lehman Brothers MLP Partners, LP (“MLP Partners”) is a limited partnership formed under the laws of the State of Delaware.

 

 

 

Item 2(d).

Title of Class of Securities:

 

 

 

Senior Subordinated Series C Units

 

 

Item 2(e).

CUSIP Number:

 

 

 

22765U201

 

 

 

 

 

 

 

Item 3.

If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

 

 

 

(a) o A broker or dealer under Section 15 of the 1934 Act

 

(b) o A bank as defined in Section 3(a)(6) of the 1934 Act

 

(c) o An insurance company as defined in Section 3(a) (19) of the 1934

Act

 

(d) o An investment company registered under Section 8 of the

Investment Company Act of 1940

 

(e) o An investment advisor in accordance with

Rule 13d-1(b)(1)(ii)(E)

 

(f) o An employee benefit plan or endowment fund in accordance

with Rule 13d-1(b)(1)(ii)(F)

 

(g) o A parent holding company or control person in accordance

with Rule 13d-1(b)(1)(ii)(G)

 

(h) o A savings association as defined in Section 3(b) of the Federal

Deposit Insurance Act

 

(i) o A church plan that is excluded from the definition of investment

Company under Section 3(c)(14) of the Investment Company Act

of 1940

 

(j) o A group, in accordance with Rule 13d-1(b)(1)(ii)(J)

 

Item 4.

Ownership

 

(a)

Amount Beneficially Owned:

 

 

 

See Item 9 of cover pages.

 

(b)

Percent of Class:

 

 

 

See Item 11 of cover pages.

 

(c)

Number of shares as to which the person has:

 

 

 

(i) sole power to vote or to direct the vote

 

(ii) shared power to vote or to direct the vote

 

(iii) sole power to dispose or to direct the disposition

 

(iv) shared power to dispose or to direct the disposition

 

 

See Items 5-8 of cover pages.

 

 

 

 

 

Item 5.

Ownership of Five Percent or Less of a Class

 

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

 

 

Not Applicable

 

Item 7.

Identification and Classification of the Subsidiary which Acquired the Security being Reported on by the Parent Holding Company or Control Person

 

 

MLP Partners has ceased to own any Senior Subordinated Series C Units of the Issuer. MLP Associates LP is the general partner of MLP Partners. LB I Group is the general partner of MLP Associates LP and a wholly-owned subsidiary of LBI, which is a wholly-owned subsidiary of Holdings.

 

Under the rules and regulations of the Securities and Exchange Commission, MLP Associates LP, LB I Group, LBI and Holdings may have been deemed to be the beneficial owners of the Senior Subordinated Series C Units previously owned by MLP Partners.

 

 

Item 8.

Identification and Classification of Members of the Group

 

 

Not Applicable

 

Item 9.

Notice of Dissolution of Group

 

 

Not Applicable

 

 

 

 

 

Item 10.

Certification

 

o

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

x

By signing below I hereby certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct.

 

Dated: March 27, 2008

 

LEHMAN BROTHERS HOLDINGS INC.

 

 

By:

/s/ James J. Killerlane III

 

Name: James J. Killerlane III

 

Title: Vice President

 

LEHMAN BROTHERS INC.

 

 

By:

/s/ James J. Killerlane III

 

Name: James J. Killerlane III

 

Title: Senior Vice President

 

 

LB I GROUP INC.

 

 

 

 

By:

/s/ James J. Killerlane III

 

 

Name: James J. Killerlane III

 

 

Title: Vice President

 

 

LEHMAN BROTHERS MLP ASSOCIATES, L.P.

 

 

By:

/s/ James J. Killerlane III

 

Name: James J. Killerlane III

 

Title: Attorney-in-fact

 

 

 

 

 

 

 

LEHMAN BROTHERS MLP PARTNERS LP

 

 

By:

/s/ James J. Killerlane III

 

Name: James J. Killerlane III

 

Title: Attorney-in-fact

 

 

 

 

EXHIBIT A - JOINT FILING AGREEMENT

 

The undersigned hereby agree that the Statement on Schedule 13G filed herewith (and any amendments thereto), is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(k) (1) under the Securities Exchange Act of 1934, as amended, on behalf of each such person.

 

Dated: March 27, 2008

 

LEHMAN BROTHERS HOLDINGS INC.

 

 

By:

/s/ James J. Killerlane III

 

Name: James J. Killerlane III

 

Title: Vice President

 

LEHMAN BROTHERS INC.

 

 

By:

/s/ James J. Killerlane III

 

Name: James J. Killerlane III

 

Title: Senior Vice President

 

 

LB I GROUP INC.

 

 

By:

/s/ James J. Killerlane III

 

Name: James J. Killerlane III

 

Title: Vice President

 

 

LEHMAN BROTHERS MLP ASSOCIATES, L.P.

 

 

 

 

By:

/s/ James J. Killerlane III

 

 

Name: James J. Killerlane III

 

 

Title: Attorney-in-fact

 

 

 

 

 

 

 

LEHMAN BROTHERS MLP PARTNERS LP

 

 

 

 

By:

/s/ James J. Killerlane III

 

 

Name: James J. Killerlane III

 

 

Title: Attorney-in-fact