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July 22 (Bloomberg) -- Lehman Brothers Holdings Inc. documented that unrestricted cash grew $820 million in June, to end the month at $21.eight billion.
Money inflows, in accordance with the month-to-month operating report filed with the personal bankruptcy court, had been $1.6 billion. Limited cash at the month’s end was an additional $2.6 billion.
The bankruptcy judge signed a collection of orders yesterday influencing matters ranging from the reorganization strategy to genuine estate investments, lawsuits and insurance coverage. State taxing authorities in New Jersey appealed one of the orders even before it was signed by U.S. Bankruptcy Judge James M. Peck.
Peck accepted an agreement in between Lehman and proponents of competing ideas that puts the 2 other options and associated investigations on ice while Lehman’s compromise strategy moves forward. The disclosure statement describing Lehman’s plan is scheduled for approval at an Aug. thirty listening to.
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