Looking Back at Lehman Brothers Bankruptcy

James M. Peck, Global Co-Chair of Morrison & Foerster’s Business Restructuring & Insolvency Group, was recently interviewed by numerous media outlets describing his experiences as presiding judge in the Lehman Brothers matter, the largest bankruptcy of all time. Looking back on these historic cases on the tenth anniversary of the Lehman filing, former Judge Peck recalls the dramatic early days of the crisis and comments on whether anything similar to the events of 2008 may happen again.

Here are just a few of the stories featuring former Judge Peck that you can click on to read or hear his commentary.

“It was the single most remarkable hearing in bankruptcy court of all time. It’s not just my opinion, but I’ve heard people who were present in court tell me that. It was dramatic and filled with tension and uncertainty,” said former Judge Peck to Law360 as he reflected on the 2008 Lehman hearing.

About James Peck

James PeckJames M. Peck is Global Co-chair of Morrison & Foerster’s Business Restructuring & Insolvency Group and is based in the firm’s New York office.

Before joining Morrison & Foerster, former Judge Peck served as a United States Bankruptcy Judge for the Southern District of New York from 2006 to 2014. During his judicial service, in addition to presiding over the chapter 11 and SIPA cases of Lehman Brothers and its affiliates, former Judge Peck has also presided over a number of other major chapter 11 and chapter 15 cases.

As a judge, he has written multiple legal decisions that have helped to define the impact of the safe harbors on qualified financial contracts.

Former Judge Peck has extensive experience as a mediator of sophisticated commercial disputes. As mediator, he has brokered settlements in a number of high-profile cases, including American Airlines, Syms/Filenes, MF Global, General Motors, Residential Capital, Excel Maritime, Toisa Limited, Mesabi Metallics, and Pacific Drilling.

About Morrison & Foerster’s Business Restructuring & Insolvency Group

Morrison & Foerster’s Business Restructuring & Insolvency Group has a truly diverse practice and a record of accomplishment in some of the most significant bankruptcy matters of recent years. We are counsel to debtors, creditors’ committees, ad hoc committees, secured lenders, and other participants in the distressed markets. We handle financial institution restructurings, cross-border insolvencies, distressed real estate matters, insolvencies involving key intellectual property, and hedge fund failures, among other things.

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