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Lehman Legal Defense Fund Approved After Objections Withdrawn

Dec. 21 (Bloomberg) -- Lehman Brothers Holdings Inc.’s creditors committee withdrew their objections to a plan by the defunct firm to put $2 million in a legal defense fund to help the firm’s previous directors fight lawsuits, and a judge approved the plan.

Lehman last week named a new board to oversee a $65 billion liquidation plan.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: John Pickering at fstrasser@bloomberg.net

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