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FDIC: Creditors Losers, Lawyers Big Winners in Lehman Bankruptcy

According to the FDIC, general unsecured creditors could have recovered 97 cents on every $1 of claims, if regulators had quickly carried out a structured sale of Lehman's assets. Instead, general unsecured creditors will likely receive around 21 cents on every dollar of claims. The FDIC also...

Now He Tells Us? Sandy Weill Calls for Return of Separation Between Commercial and Investment Banking

Whether Glass-Steagall would have prevented the great financial meltdown of 2007 through 2009 remains debatable. Nevertheless, hearing Sandy Weill, who effectively served as the law's official undertaker , essentially call for its reinstatement is nothing short of remarkable (and perhaps more than...

Dodd-Frank’s Intersection With the Bankruptcy Code Could Have Significant Impact for Unsecured Creditors

by Sean Cornely On February 11th, the three private plaintiff-appellants and eleven State plaintiff-appellants in State National Bank of Big Spring, et al. v. Jacob J. Lew, et al. filed briefs with the U.S. Court of Appeals for the District of Columbia Circuit in their appeal of the District Court’s...