Note: The trial tips originally attributed to Kenneth Lee were changed to reflect that they were provided by Lee, Seth Levine, Scott Klugman and Jillian Berman.
A game of three-dimensional chess. That’s how Kenneth Lee described the multibillion-dollar battle between the trustee of Lehman Brothers Inc. — his client — and the estate of Lehman Brothers Holdings Inc. The holding company sought tens of billions of dollars in claims as part of the winding down of the financial services giant that collapsed in 2008. Lee, name partner at New York-based Levine Lee, served as co-lead counsel for the bankruptcy trustee along with Hughes Hubbard & Reed. Lee led the settlement negotiations and said that, given the many moving parts and entities involved, he took a “very, very detail-oriented approach.”
