"The creditors and equity holders must get paid in order to attach the words "almost miraculous result" to this case!
Miraculous just rocks me to sleep! LoL "
So where in this article does say equity holders. Nowhere. Mr. Miller says creditors you say equity holders.
Maybe someone can show me equity holders in that paragraph or in the entire article for that matter.
Lifetime Case
“The Lehman case is and was the most unique and different bankruptcy/restructuring case to emerge since the inception of a bankruptcy law in the U.S.,” said Harvey Miller, the Weil Gotshal & Manges LLP partner who has been Lehman’s lead lawyer since the bankruptcy. “It was the case of a lifetime, both frustrating and gratifying, sometimes almost concurrently.”
Lehman’s fee bills are “not excessive,” Miller said, considering the “almost miraculous result” of the case, which ended with Lehman winning creditors’[/i] backing for its liquidation plan.
Traders turned over an average of $2 billion of claims on Lehman a month, or $100 billion from September 2008 through November 2012, according to SecondMarket Holdings Inc. Trades in the MF Global Inc. brokerage formerly headed by Jon Corzine have totaled $4.6 billion since it filed the eighth-biggest U.S. bankruptcy in October 2011, the data firm said. AMR trading is about $740 million.
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