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'Tis Better to Seek Approval than Beg for Forgiveness: A Further Lehman Report

4 Pages Posted: 22 Feb 2011  

Stephen J. Lubben

Seton Hall University - School of Law

Chip Bowles

Greenebaum Doll & McDonald PLLC

Date Written: February 21, 2011

Abstract

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

Suggested Citation

Lubben, Stephen J. and Bowles, Chip, 'Tis Better to Seek Approval than Beg for Forgiveness: A Further Lehman Report (February 21, 2011). ABI Journal, February 22, 2011; Seton Hall Public Law Research Paper No. 1766083. Available at SSRN: https://ssrn.com/abstract=1766083

Stephen J. Lubben (Contact Author)

Seton Hall University - School of Law ( email )

One Newark Center
Newark, NJ 07102-5210
United States
973-642-8857 (Phone)

Chip Bowles

Greenebaum Doll & McDonald PLLC ( email )

3500 National City Tower
101 South Fifth Street
Louisville, KY 40202-3103
United States
(502) 587-3746 (Phone)
(502) 540-2274 (Fax)

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