Lehman Eyes $6M Land Deal And Extension

Law360, New York (October 29, 2008, 12:00 AM EDT) -- Lehman Brothers Holdings Inc. on Tuesday sought to move forward with a real estate deal, entered into prior to its bankruptcy, to unload 50 acres of undeveloped land in New Jersey. The investment giant also sought extra time to disclose information about its finances.

A hearing on the land sale is set for Nov. 18 in the U.S. Bankruptcy Court for the Southern District of New York, and objections to the sale must be filed by Nov. 13.

Lehman acquired the land, located in Hamilton Township...
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