Lehman Case Could Be Less Complex Than Expected

Law360, New York (September 18, 2008, 12:00 AM EDT) -- Although Lehman Brothers Holdings Inc. filed for the biggest bankruptcy in history, the apparent absence of outright fraud means the case could prove less complex than the Adelphia and Enron proceedings, lawyers say.

With a court hearing scheduled Friday, Lehman Brothers is on the cusp of its $1.75 billion sale to Barclays Bank PLC. Whether the haste required to wrap up the deal will lead to liabilities in the long run or fuel dissension among noteholders remains to be seen as the liquidation unfolds, according to...
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