A judge on Tuesday gave creditors of Lehman Brothers Holdings Inc the green light to vote on the failed bank’s $65 billion payback proposal, clearing a major hurdle in Lehman’s path toward ending the biggest bankruptcy in U.S. history.
Judge James Peck made his ruling at a hearing in U.S. Bankruptcy Court in Manhattan.
Full story: Judge OKs Lehman Bankruptcy Plan | FoxBusiness.com.