WL Ross Gets OK To Buy Lehman's $110M Stake In Navigator

Law360, New York (September 19, 2012, 6:02 PM EDT) -- A New York bankruptcy judge on Wednesday approved the $110.2 million sale of Lehman Brothers Inc.'s stock in propane transporter Navigator Holdings Ltd. to investment tycoon Wilbur Ross Jr.'s WL Ross & Co. after no higher bids were submitted.

U.S. Bankruptcy Judge James M. Peck granted final approval to the sale, which he initially greenlighted in August while requiring the trustee liquidating the Lehman estate to entertain a higher offer for the 34 percent stake in the company if one were to emerge. But with no...
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