Chief NY Judge Laments Bankers' Hours In Bankruptcy Court

Law360, New York (August 26, 2013, 2:15 PM EDT) -- If a huge bankruptcy filing like the failure of Lehman Brothers Inc. occurred today, New York City’s bankruptcy court would struggle to handle it because the court can’t afford to pay staff past 5 p.m., a top federal judge told Law360 on Monday.

U.S. District Judge Loretta A. Preska, chief judge of the Southern District of New York, picked up the phone to express her concerns after penning a letter to New York lawmakers detailing how her district's various courts and programs are creaking under the...
To view the full article, register now.