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Linklaters ‘could face litigation’ over explosive Lehman report

The comment about the 'naivete of that QC' needs a bit of nuance, If the judgement would be in excess of coverage, would not the creditor go after the assets of the LLP as well (e.g. recevables), leaving the debtor bare (albeit likely leaving the members without personal liability). That certainly would not be healthy. And if there are bank loans, that complicates the picture. Another question. If Links worked for Lehman's, how did they see the conflict in working for the Administrator; and did the Administrator take that into account. Was the issue even raised?

16-Mar-2010

6:39 am