NEW YORK Aug 30 A judge on Tuesday gave
creditors of Lehman Brothers Holdings Inc LEHMQ.PK 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.
Lehman filed for bankruptcy on Sept. 15, 2008, with $639
billion in assets. The filing was six times larger than any
previous U.S. bankruptcy and was considered to be a key catalyst
of the financial crisis.
(Reporting by Nick Brown; Writing by Martha Graybow; Editing by