'Tis Better to Seek Approval than Beg for Forgiveness: A Further Lehman Report
ABI Journal, February 22, 2011
4 Pages Posted: 22 Feb 2011
Date Written: February 21, 2011
In this paper, we examine the ways in which two large financial institutions were exposed to large legal expenses and potential litigation losses because of their failure to obtain court approval before taking action in the Lehman chapter 11 case.
Keywords: Lehman, financial institutions, chapter 11, bankruptcy, DIP
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