Lehman Backs Bid For Examiner, Bucking US Trustee

Law360, New York (January 9, 2009, 12:00 AM EST) -- In a surprising move, Lehman Brothers Holdings Inc. is supporting a bid by Walt Disney Co. to appoint an examiner in the collapsed investment bank's Chapter 11 case, backing the move over the U.S. trustee's objection.

On Thursday, Lehman expressed its support for an examiner in a filing with the U.S. Bankruptcy Court for the Southern District of New York after fighting tooth and nail against the suggestion that a trustee be posted to oversee the case.

“The debtors support the appointment of an examiner in...
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