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Here are some of the latest bankruptcy stories our reporters have been covering Tuesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider.
Lehman unsecureds want J.P. Morgan probe
A group of Lehman Brothers Holdings Inc. unsecured creditors will seek bankruptcy court approval on Oct. 16 to investigate J.P. Morgan Chase & Co.'s role in the investment bank's collapse. Lehman's official committee of unsecured creditors said in court filings that it believes Lehman had more than $17 billion in cash and liquid securities frozen by J.P. Morgan, its clearing agent, three days prior to the Sept. 15 bankruptcy filing. - John Blakeley Delphi unveils changes to plan Delphi Corp. has unveiled key modifications to its reorganization plan, including a much smaller exit loan and lower payouts to unsecured creditors. The Troy, Mich.-based auto parts maker announced on Friday that it has made alterations to the plan, allowing it to emerge from bankruptcy in the wake of its collapsed deal with a group led by Appaloosa Management LP. A preliminary hearing on the modifications has been set for Oct. 23. - Ben Fidler Nomura to buy more Lehman operations Japanese investment bank Nomura Holdings Inc. on Monday secured the back-office Indian operations of Lehman Brothers Holdings Inc., several weeks after it agreed to acquire significant portions of the bankrupt bank's assets in Europe, the Middle East and Asia-Pacific. Nomura said it will buy Lehman Brothers Services India Pte. Ltd., Lehman Brothers Financial Services (India) Pte. Ltd. and Lehman Brothers Structured Finance Services Pte. Ltd., all of Mumbai. - Laura Board IBC seeks OK for amended plan Bankrupt Interstate Bakeries Corp. will seek approval for an amended plan now that the maker of Twinkies and Wonder Bread has gotten the OK for $464 million in exit loans. A hearing us scheduled for Oct. 30. - Jamie Mason Categories Deal Video
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