Derivatives creditors say Lehman's payment plan won't succeed

04/12/2011 | Bloomberg

Goldman Sachs, Silver Point Capital and other derivatives creditors of Lehman Brothers Holdings said the collapsed financial institution's $61 billion payment plan likely won't be approved. The group of creditors said the plan includes "gifts" to bondholders that have not been approved by other creditors. Lehman is struggling with mounting opposition to its payment plan.

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