Goldman may file Lehman plan
Goldman Sachs said yesterday it was part of a group of Lehman Brothers creditors looking to file an alternative proposal to divide up what remains of the failed bank’s assets. Lehmans has proposed two separate plans for returning billions of dollars to bondholders, the most recent in January, but creditors are yet to approve them. Hedge fund Paulson complained last year that the first proposal benefitted large banks over other creditors, and proposed another in December. Lehmans cannot exit bankruptcy proceedings until a plan is approved by all eligible creditors.