"Some of the claims are flat-out silly."
--Bryan Marsal, chief restructuring officer of Lehman Brothers Holdings and co-ceo of turnaround specialist Alvarez & Marsal, speaking before U.S. Bankruptcy Court Judge James Peck about the inflated claims the firm has received from bank counterparties to derivatives.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts