Creditors Attack Lehman Ch. 11 Exit Progress

Law360, New York (January 13, 2011, 7:26 PM EST) -- A creditor group that includes billionaire John Paulson accused Lehman Brothers Holdings Inc. in a hearing Thursday of failing to win creditor support for a proposed restructuring plan, which lawyers for the bankrupt investment bank acknowledged is behind schedule.

White & Case LLP lawyer Christopher Shore, who is representing an ad hoc group of bondholders with $20 billion in claims, lodged those criticisms to Judge James Peck during a status update on the state of Lehman's plan in the U.S. Bankruptcy Court for the Southern District...
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