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Goldman Sachs May Propose Competing Lehman Plan, Creditors Say

Goldman Sachs Group Inc. may propose a liquidation plan for bankrupt Lehman Brothers Holdings Inc. that would give it more money and compete with two rival plans for the defunct company, two creditors said.

Goldman Sachs, which owns claims against a Lehman derivatives unit, is considering proposing its own plan to pay creditors, said John Beiers, chief deputy county counsel for San Mateo County in California, and another creditor familiar with the matter. The county has joined hedge fund Paulson & Co. and other bondholders to push a plan that would pay them more than one filed by Lehman.