Despite all that's been written in the two years since Lehman filed the largest bankruptcy in U.S. history, not much has been heard from one contingent that had front-row seats: the in-house lawyers. How did they respond to the cataclysmic events, and what do they think now? As the U.S. continues to experience sluggish growth and companies and employees confront uncertain conditions, some of the lawyers from the Lehman debacle share insights that might help others avoid a similar fate.
September 14, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
It’s been two years since Lehman Bros. Holdings Inc. filed the largest bankruptcy in U.S. history, and the subject still provokes passionate debate.
Was the crash of 2008 inevitable? What if the government had bailed out Lehman the way it did other companies before and after it let the investment bank go? And, most recently, would the Dodd-Frank financial reform law(pdf) have prevented the excesses that led to Lehman’s demise?
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