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LOMAS FINANCIAL CORPORATION TO HALT TRADING IN OLD SECURITIES IN ANTICIPATION OF PLAN OF REORGANIZATION

 LOMAS FINANCIAL CORPORATION TO HALT TRADING IN OLD SECURITIES IN
 ANTICIPATION OF PLAN OF REORGANIZATION
 DALLAS, Jan. 8 /PRNewswire/ -- Lomas Financial Corporation (NYSE: LFC), announced that pursuant to its plan of reorganization confirmed by the United States Bankruptcy Court for the Southern District of New York, trading in its currently outstanding publicly traded common stock and debt securities will terminate as of the close of business on Jan. 9, 1992. This termination will allow Lomas to determine which holders of existing securities will be entitled to receive distributions under the plan.
 Lomas expects the consummation of the plan to occur on or about Jan. 30, 1992, when the new securities to be issued pursuant to the plan will be distributed. The company's new common stock will be listed on the New York Stock Exchange and is expected to begin trading on a "when issued" basis on Friday, Jan. 10, 1992.
 -0- 1/8/92
 /CONTACT: Tricia M. Zimmerman of Lomas Financial, 214-879-5542/
 (LFC) CO: Lomas Financial Corporation ST: Texas IN: FIN SU:


KD -- NY127 -- 7975 01/08/92 17:18 EST
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Publication:PR Newswire
Date:Jan 8, 1992
Words:181
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