Lehman Creditors Throw Support Behind Ch. 11 Plan

Law360, New York (November 29, 2011, 9:04 PM EST) -- Lehman Brothers Holdings Inc. has won resounding support from creditors for its Chapter 11 liquidation plan, the defunct investment bank said Tuesday, setting the stage for a New York bankruptcy judge to begin weighing confirmation of the plan next week.

There are 150 major creditors with $450 billion in claims now backing the liquidation plan and associated settlements, up from just $160 billion last month, according to court documents.

And every single voting class of creditors lent its support — all told, 95 percent of creditors...
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