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The Bankruptcy StrategistLJN NewslettersNewsSections

On the Move

By ALM Staff | Law Journal Newsletters |

Weil, Gotshal & Manges, led by Harvey Miller, is representing Lehman Brothers, which filed a Chapter 11 petition on Sept. 15. The case was filed in the Southern District of New York and has been assigned to Bankruptcy Judge James Peck, formerly co-chair of the Business Reorganization Department of Schulte Roth & Zabel and a long-time member of this Newsletter's Board of Editors. In addition, Milbank, Tweed, Hadley & McCloy has been named counsel to the creditors' committee in the Lehman Brothers bankruptcy. The firm's restructuring practice group leader, Dennis F. Dunne, will lead the Milbank team. These two firms previously worked together on the Enron Corp. bankruptcy, in which Weil Gotshal also served as debtor's counsel and Milbank represented the creditors' committee. With $639 billion listed in assets and $613 billion in debt, the Lehman Brothers bankruptcy is substantially the largest bankruptcy ever filed. Enron, which was the previously the largest filing, claimed approximately $60 billion in assets. Citibank, the single largest creditor of Lehman Brothers has a claim of $138 billion.

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