Trustee Objects To Milbank Dual Role In Lehman Bankruptcy

Law360, New York (December 13, 2012, 1:50 PM EST) -- The U.S. trustee told the New York state judge overseeing Lehman Brothers Holdings Inc.'s bankruptcy Wednesday that she objects to Milbank Tweed Hadley & McCloy LLP's representation of both the official committee of unsecured creditors and the individual committee members seeking legal fees from the case, saying the dual representation poses a conflict of interest.

U.S. Trustee Tracy Hope Davis said Milbank must simultaneously seek payment of legal fees on behalf of individual creditors and review those fees requests on behalf of the unsecured creditors committee,...
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