Second Circuit Holds that Contingent Equity-Based Compensation of Former Lehman Employees are Subordinate to Creditor Claims

In In re Lehman Bros. Holdings Inc. 855 F.3d 459 (2d Cir. 2017), the United States Court of Appeals for the Second Circuit affirmed a district court order subordinating the claims of former Lehman Bros.

Filed under:
USA, Banking, Insolvency & Restructuring, Litigation, Sheppard Mullin Richter & Hampton LLP, Lehman Brothers, Title 11 of the US Code
Authors:
John P. Stigi III , Christopher J. Bosch
Location:
USA
Firm:
Sheppard Mullin Richter & Hampton LLP