Judge OKs Lehman Payout Vote

30 Aug 2011

U.S. Bankruptcy Judge James Peck of Manhattan has approved Lehman Brothers Holdings’s request to allow creditors to a vote on its proposed USD65 billion payout plan.

U.S. Bankruptcy Judge James Peck of Manhattan has approved Lehman Brothers Holdings’s request to allow creditors to a vote on its proposed USD65 billion payout plan. Under the plan, most creditors would receive 20 cents on the dollar, while others—including derivatives creditors—could receive up to 28 cents on ...

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