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End to Lehman’s bankruptcy in sight

With support of creditors, record bankruptcy will see close

Lehman Bros. announced yesterday that its reorganization plan has the support of its creditors, who hold $160 billion in claims, and the global financial services firm may soon see an end to its bankruptcy nightmare.

Lehman said in court documents that it has confirmed nine new settlement agreements and is confident it’s on its way to bringing its bankruptcy to a close.


Cathleen Flahardy

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