It was standing room only for a hearing on Lehman Brothers records related to an $8 billion transfer made from Lehman's London operation to its New York headquarters shortly before the bank filed for Chapter 11 protection. Explaining why creditors need to be patient about getting their hands on internal Lehman records, Weil Gotshal partner Harvey Miller said the government gave Lehman no time to plan for its bankruptcy. Miller compared the government's "lack of foresight" to its reaction to Hurricane Katrina.
How Is the Lehman Bankruptcy Like Hurricane Katrina?
The American Lawyer
October 17, 2008