a memoria, prevedevano l'approvazione del piano di riorganizzazione per fine anno (Novembre?), con votazione da parte dei creditori, ovviamente, un po' prima. Al momento potrebbero esserci ben tre piani alternativi a quello presentato da Lehman - in soldoni, c'è ancora da discutere tra le parti prima di arrivare ad una definizione del recovery. Poi si passerebbe alla liquidazione ai creditori, che potrebbe anche essere parziale (cash) e magari prevedere partecipazioni in aziende che vanno ovviamente quotate...
Goldman Sachs Group Inc. is part of a group that by next week may file what would be
the second plan competing with the reorganization proposal by Lehman Brothers Holdings Inc., according to two people familiar with the matter.
As the holder of claims based on derivatives, Goldman Sachs isn’t happy with the revised plan that Lehman filed in January that would shift recoveries away from creditors with claims on derivatives and give some of the money to creditors contending that all 23 Lehman companies should be substantively consolidated.
There is already a competing plan on file proposed by group including Paulson & Co. that calls for total substantive consolidation by throwing all Lehman assets and debt into one pot. Paulson’s plan wouldn’t recognize intercompany claims or the validity of claims based on guarantees.
Nortel, WaMu, Lehman, Blockbuster, Borders, A&P: Bankruptcy - Businessweek
3rd Lehman Reorganization Plan In The Works
Noteholders of a Dutch affiliate of Lehman Brothers Holdings Inc. indicated Wednesday that they're considering a third proposed reorganization plan for the bankrupt investment bank, while the government objected to proposed discovery rules in the New York bankruptcy proceeding.
The contemplated plan — which, if filed, would be the third competing Lehman reorganization plan — would emphasize nonconsolidation of the various Lehman debtors and foreign affiliates, according to a statement filed Tuesday by noteholders of the Dutch affiliate in the U.S. Bankruptcy Court for the Southern District of New York.
...
The Lehman Brothers Treasury BV noteholders —
Morgan Stanley & Co. International PLC, Silver Point Capital LP, Angelo Gordon & Co. LP, Oaktree Capital Management LP and about a dozen others — said a "substantial and diverse coalition of creditors," including some of the Dutch noteholders, is seriously considering filing its own reorganization plan, according to the statement.
3rd Lehman Reorganization Plan In The Works - Law360
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