Dash Into Ch. 11 Lost Lehman $75B In Value: Study

By Anne Urda

Law360, New York (December 29, 2008, 12:00 AM ET) -- In Lehman Brothers Holdings Inc.’s rush to duck into bankruptcy, the renowned Wall Street investment firm may have eroded as much as $75 billion of its value, according to the debtor’s restructuring advisers.

On Monday, the Wall Street Journal reported that financial advisory firm Alvarez & Marsal had determined after a three-month internal study that billions were potentially squandered due to Lehman's speedy September filing.

Bryan Marsal, who is serving as Lehman's chief restructuring officer, insists in the study that a calmer approach to filing would...
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