Creditors Object to Lehman's Plan Discovery Process

FAIRLESS HILLS, Pa. -- The U.S. Trustee for Region 2 and more than a dozen creditors and parties-in-interest in the Lehman Brothers bankruptcy case, objected to the bankrupt company's proposed plan discovery process.  The objecting parties include the liquidators for several of Lehman's foreign affiliates.

More news on the Lehman case, including recent news on a creditor group's proposal to file a third plan in the case, is available in LEHMAN BROTHERS Bankruptcy News, Issue No. 75 published by Bankruptcy Creditors' Service, Inc.

The 17-page newsletter contains stories with these headlines:

[02987] LEHMAN CREDITORS CONSIDER PROPOSING BANKRUPTCY PLAN

[02988] DEBTORS SEEK TO IMPLEMENT CONFIRMATION DISCOVERY PROCESS

[02989] DEBTORS' MOTION TO APPROVE SETTLEMENT WITH BOFA

[02990] LEHMAN CREDITORS' MOTION TO APPROVE DISCLOSURE STATEMENT

[02991] DEBTORS' MOTION FOR COMPLIANCE WITH BANKRUPTCY RULE 2019

[02992] LCPI'S MOTION TO PURCHASE NOTES ISSUED BY PINE CCS

[02993] DEBTORS' MOTION TO INVEST IN NEW YORK PROPERTIES

[02994] BNC MORTGAGE'S MOTION TO APPROVE DEAL WITH AURORA BANK

[02995] DEBTORS' MOTION TO SET PROCEDURES TO TRANSFER LOANS

[02996] DEBTORS' MOTION TO ESTABLISH ASSET DISPOSAL PROCEDURES

[02997] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS

[02998] FEE COMMITTEE'S APPLICATION TO HIRE GODFREY AS COUNSEL

[02999] LB 2080'S MOTION TO REJECT 13 CONTRACTS & LEASES

[03000] KALAIMOKU-KUHIO'S MOTION FOR PAYMENT OF POSTPETITION RENT

[03001] GLG CREDIT'S MOTION TO FILE LATE PROOF OF CLAIM

[03002] RETAINED PROFESSIONALS' INTERIM FEE APPLICATIONS

[03003] DEBTORS' OMNIBUS OBJECTIONS TO CLAIMS

[03004] BANKRUPTCY APPEALS -- U.S. Bank, et al. re ADR Order

[03005] CLAIMS WITHDRAWAL -- April 1 to 7, 2011

[03006] RULE 2019 STATEMENT -- Pepper Hamilton LLP

[03007] RULE 2019 STATEMENT -- Orrick, Herrington & Sutcliffe

[03008] RULE 2019 STATEMENT -- Mayer Brown

[03009] SUNCAL WINS AUCTION FOR 3 LEHMAN-BACKED DEVELOPMENTS

[03010] HKMA REPORTS PROGRESS OF PROBE ON LEHMAN-RELATED CASES

A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN|BROTHERS">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN|BROTHERS</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

LEHMAN BROTHERS BANKRUPTCY NEWS tracks the restructuring of Lehman Brothers Holdings Inc.

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LEHMAN BROTHERS BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

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Company: Bankruptcy Creditors' Service, Inc. 

Contact: Peter A. Chapman 

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Email: peter[@]bankrupt.com