The Lehman Judges Judge “The Lehman Trilogy”

The New Yorker

04/22/2019

James Michael Peck

Business Restructuring + Insolvency

In The News

Decades after the Lehman Brothers’ historic collapse, the Honorable James Peck and Judge Shelly Chapman — now aptly known as the Lehman Judges — get together to watch “The Lehman Trilogy,” a play that tells the story of the financial firm’s founding to its ultimate demise.

In the New Yorker article, “The Lehman Judges Judge ‘The Lehman Trilogy,’” Former Judge Peck, global co-chair of Morrison & Foerster’s Business Restructuring & Insolvency Group, reminisces with Judge Chapman about the fateful morning of the Lehman collapse and what it was like being assigned a bankruptcy case of such significance. The play ended with the bankruptcy filing and afterwards, James remarked, “For us, who have the experience of what happened after the play ended, it really isn’t a beautiful story of America. The bankruptcy worked, but should it have happened in the first place? Were we just left to clean up after the elephants? I think maybe we were.”

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