The Am Law Daily spent Thursday morning and afternoon standing in the aisle of Judge James Peck’s courtroom in a federal bankruptcy court for a major hearing in the Lehman Brothers bankruptcy. Sweating in a standing-room-only crowd was still better than being stuck in one of the two overflow courtrooms reserved for the hearing.
The reason for the crowd? A motion initially filed by a Bingham McCutchen team on behalf of Harbinger Capital Partners seeking the disclosure of Lehman records linked to cash transfers in the month before the bank filed for Chapter 11 protection on 15 September. Creditors and some Lehman higher-ups have questioned an $8bn (£4.6bn) transfer from Lehman’s London operation to its New York headquarters shortly before the bankruptcy filing, according to The Wall Street Journal.
