Lehman Brothers Financial SA (LEHNQ)

[yx88hc]

Wrong: we are no longer under the jurisdiction of the bankruptcy court. I guess you missed my post #14499 this morning.

In PETTIBONE CORPORATION v. EASLEY, judge Easterbrook of the United States Court of Appeals, Seventh Circuit, clearly states (see paragraph 5):

Once the bankruptcy court confirms a plan of reorganization, the debtor may go about its business without further supervision or approval. The firm also is without the protection of the bankruptcy court. It may not come running to the bankruptcy judge every time something unpleasant happens. ... Formerly a ward of the court, the debtor is emancipated by the plan of reorganization. A firm that has emerged from bankruptcy is just like any other defendant in a tort case: it must protect its interests in the way provided by the applicable non-bankruptcy law, here by pleading the statute of limitations in the pending cases.

http://openjurist.org/935/f2d/120/pettibone-corporation-v-easley