Lehman Disclosure Statement Wins Judge's Blessing

Law360, New York (August 30, 2011, 2:24 PM EDT) -- A New York bankruptcy judge ruled Tuesday that Lehman Brothers Holdings Inc. creditors can vote on its proposed $65 billion reorganization plan, postponing the most contested issues to a later confirmation hearing in the largest bankruptcy case ever.

"By any measure, disclosure here ... is abundant and adequate as to the issues in this too-big-to-fail enterprise," Judge James M. Peck said during the hearing in a packed Manhattan courtroom, with more people spilling into two overflow rooms.

Judge Peck said there was plenty of information in...
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