MayaLT LOD groups fail to import into the editor

Given a simple LOD Group setup in MayaLT 2016 and exported with Default settings from LT as a 2014/15 FBX File, the FBX Fails to import. Given the same setup in Maya 2016 and Export Settings, the FBX imports without issue.

Attached MayaLT and Maya FBX Files for example.

Also Reproduced in 4.11 Preview 3 and Dev-Main-CL-2823006

1. Open a Blank Project with No Starter Content
2. Import the MayaLT_LOD_Test.FBX File, ensuring that Import Mesh LODs is checked true

RESULTS: Import Fails

EXPECTED: Import Succeeds

Maya LT LOD Import Failed