Lehman liquidating not technically dating
filed their revised joint chapter 11 plan (“Lehman Plan”) and accompanying disclosure statement (“Lehman Disclosure Statement”) which sets forth estimates of creditor recoveries.
Previously, on March 15, 2010, the Lehman Debtors had filed a placeholder plan to preserve exclusivity, but such plan was not accompanied by a disclosure statement and unsecured creditors were left in the dark as to estimated recoveries.
("LBI"), which was entered by the United States District Court for the Southern District of New York. Lynch promptly referred the case to the Bankruptcy Court presiding over the chapter 11 case of Lehman Holdings, which ordered the liquidation of LBI pursuant to the Securities Investor Protection Act of 1970, as amended, 15 U. The Bankruptcy Court has now approved the procedures for filing claims against LBI in the SIPA liquidation proceeding, and for the adjudication of claims by the Trustee.
The SIPA liquidation of LBI is the largest securities broker-dealer liquidation ever attempted.
All claim forms in this proceeding must be filed with the Trustee through the claims agent, Epiq Bankruptcy Solutions, LLC.