Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Court Approves Lehman Brothers’ Exit Plan

NEW YORK, Aug. 30 (UPI) — A bankruptcy court judge in New York praised attorneys involved and approved a plan to return $65 billion to Lehman Brothers’ creditors.

There are 110,000 creditors involved in the Lehman Brothers case. They will have 60 days to vote on the plan that Judge James Peck said included work by attorneys that “borders on miraculous,” The New York Times reported Tuesday.

The case involves one of the largest New York investment banks, Lehman Brothers, that collapsed in September 2008. Its bankruptcy was a significant catalyst in the financial crisis with Lehman Brothers becoming an instant symbol of the financial fiasco that shook the largest banks in Europe and the United States.

Lehman Brothers said it plans to make payments to creditors early in 2012 if the plan is approved.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Court Approves Lehman Brothers’ Exit Plan”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.