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Lehman Brothers' ADR Procedures for Resolving Its Derivative Contracts in Bankruptcy

Lehman Brothers' bankruptcy case was the largest and most complex Chapter 11 case in history. Here's an inside look.

30 minute read May 27, 2012 at 09:00 AM
By
Andrew J. Olejnik
Lehman Brothers' ADR Procedures for Resolving Its Derivative Contracts in Bankruptcy

Lehman Brothers' bankruptcy case was the largest and most complex Chapter 11 case in history. Among other complexities, when Lehman filed for bankruptcy on Sept. 15, 2008, it was a party to approximately 1.2 million derivative transactions with approximately 6,500 counterparties.

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