Creditors Balk At Lehman Discovery Framework

Law360, New York (April 5, 2011, 10:23 PM EDT) -- Lehman Brothers Holdings Inc. creditors, including State Street Bank & Trust Co., objected Tuesday in New York to a Lehman discovery framework that allegedly favors the bankrupt investment giant.

“The process Lehman envisions is so unwieldy and costly as to dissuade many from participating at all,” creditor State Street Bank & Trust Co. said in its objection, filed in the U.S. Bankruptcy Court for the Southern District of New York.

Giants Stadium LLC, which claims a Lehman entity owes it $301.8 million in connection with a...
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