Levine Lee News

Firm Negotiates One of the Largest Bankruptcy Settlements in History

Levine Lee represents the Lehman Brothers Inc. (“LBI”) Trustee, James W. Giddens, in one of the largest bankruptcy settlements in history. Motions filed in the United States Bankruptcy Court for the Southern District of New York seek approval of a settlement that would resolve a more than $40 billion dispute with Lehman Brothers Holdings Inc. (“LBHI”). The settlement, which is the result of years of arduous negotiations, resolves litigation over unprecedented legal issues stemming from complex intercompany relationships among Lehman’s three principal worldwide businesses: LBI, LBHI and Lehman Brothers International Europe. Levine Lee, working in conjunction with Hughes Hubbard & Reed, led the engagement for the Trustee. Kenneth E. Lee and Miriam L. Alinikoff worked on the matter.

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