Lehman Atty Recalls Chaos In Run-Up To Barclays Deal

Law360, New York (April 28, 2010, 5:08 PM EDT) -- Weil Gotshal & Manges LLP restructuring star Harvey R. Miller took the stand Wednesday in the trial over Lehman Brothers Holdings Inc.'s hasty sell-off of its brokerage business to Barclays PLC, saying details of the deal were in flux right up until a hearing to approve the sale.

The lead lawyer on the team that handled Lehman's Chapter 11 filing testified in the U.S. Bankruptcy Court for the Southern District of New York about his understanding of the sale — which Lehman and creditors have argued...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.