Lehman Forges Ch. 11 Pact With Key Creditors

Law360, New York (July 1, 2011, 1:46 PM EDT) -- Lehman Brothers Holdings Inc. announced Friday that creditors holding more than $100 billion in claims had rallied in support of its latest reorganization plan, marking a significant advance in the epic bankruptcy.

Thirty of Lehman's heftiest creditors have signed on to the debtor's second amended Chapter 11 plan and given the plan priority over two competing proposals, all but ensuring a successful conclusion to the bankruptcy case.

"We are proud to have negotiated a global settlement that has the support of Lehman's largest foreign and domestic...
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