Court OKs Lehman Examiner's Plan

By Brendan Pierson

Law360, New York (February 19, 2009, 12:00 AM ET) -- A federal judge has approved the work plan submitted by the examiner in the Chapter 11 bankruptcy of Lehman Brothers Holdings Inc., which calls for a final report in nine months and projects a cost of $23 million.

Judge James M. Peck of the U.S. Bankruptcy Court for the Southern District of New York on Wednesday approved the work plan submitted by examiner Anthony Valukas. Valukas is investigating movement of funds between what was once the country's fourth-largest investment bank and its subsidiaries in the days...
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