Lehman Plan Gets OK From Creditors With $160B In Claims

Law360, New York (October 26, 2011, 4:23 PM EDT) -- Lehman Brothers Holdings Inc. said late Wednesday it had racked up support for its latest liquidation plan from creditors that hold claims of more than $160 billion, marking another milestone in its efforts to bring closure to its wind-down.

The announcement came as the defunct investment bank filed a 1,000-page supplement to its joint Chapter 11 plan, which incorporated the details of nine major settlements with parties that have now agreed to lend their support to the plan.

"The rapidly growing level of support for our...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.