Lehman
More Bad News For Bankrupt Lehman: CFO Resigns
Submitted by Tyler Durden on 02/27/2009 17:47 -0500The bad news for creditors of bankrupt Lehman Bros just keep coming.
More Insider Transactions In Unwinding Lehman
Submitted by Tyler Durden on 02/24/2009 15:50 -0500Following in the footsteps of previous insider firesales (Neuberger, R3, merchant-banking) within the bankrupt estate, Lehman's former Venture Capital arm is the most recent asset to be sold to yet another Lehman insider, this time Thomas Banahan, ex-head of global venture c
Lehman Advisors to Pocket $1.4 Billion
Submitted by Tyler Durden on 02/04/2009 13:34 -0500
As we have pointed out before (here and here), the free-for-all that is the Lehman bankruptcy case is a gold mine for a whole lot of scavengers.
Lehman Advisors to Pocket $1.4 Billion
Submitted by Tyler Durden on 02/04/2009 13:34 -0500
As we have pointed out before (here and here), the free-for-all that is the Lehman bankruptcy case is a gold mine for a whole lot of scavengers.
First Lehman, Now Goldman Saying Run For Cover
Submitted by Tyler Durden on 02/02/2009 18:37 -0500A report released earlier by Goldman thinkers Krag Gregory and John Marshall discussing volatility and options strategy, is recommending loading up the boat on S&P puts. The GS "portfolio strategy" team (we assume this is not the guys on the prop side who usually execute the opposite of whatever the sellside guys preach) expects the market to retest the 750 low in Q1, pretty much what Lehman said over the weekend.
Lehman Bankruptcy Judge James Peck Arrested for Beating Wife
Submitted by Tyler Durden on 02/02/2009 17:47 -0500
The stress of the "biggest bankruptcy in history" and all those fee applications must really be getting to him.
Alvarez Asks For $400,000/Day To Let Lehman Creditors Sort Out Their Own Mess
Submitted by Tyler Durden on 02/01/2009 23:05 -0500Restructuring consultancy firm Alvarez & Marsal has decided to take the easy way out, and simply give creditors in the Lehman's bankruptcy equity instead of trying to maximize cash recoveries. The bulk of Lehman's residual value (or lack thereof) is contained in its hard to value real estate and private equity assets.
Anton Valukas Named Examiner in Lehman Bankruptcy Case
Submitted by Tyler Durden on 01/20/2009 20:55 -0500
Anton Valukas, a Jenner and Block lawyer who specializes in criminal law and business litigation, was appointed the role of examiner in Lehman's bankruptcy case.
Lehman Carcass: Feeding Ground for 513 Lawyers
Submitted by Tyler Durden on 01/15/2009 17:59 -0500A notice sent out yesterday to all known and unknown lawyers involved in the "biggest bankruptcy of all time" can be found here.
Lawyers A Thru C, for full list click above
Lehman Carcass: Feeding Ground for 513 Lawyers
Submitted by Tyler Durden on 01/15/2009 17:59 -0500A notice sent out yesterday to all known and unknown lawyers involved in the "biggest bankruptcy of all time" can be found here.
Lawyers A Thru C, for full list click above
Lehman Posts Bankruptcy Status Update
Submitted by Tyler Durden on 01/14/2009 19:18 -0500
Once the 4th largest investment bank in the U.S., and the house that Dick Fuld built, Lehman Brothers' today posted an update of its reorganization status in an 8K with the SEC. In a very interesting analysis by Alvarez & Marsal, several things become obvious.
