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Lehman liquidator in court plea for info
Bill Condie12 Dec 2008
The trustee handling the liquidation of Lehman Brothers' brokerage unit has asked a bankruptcy court for the power to issue subpoenas to obtain documents and information from current and former employees and officers.
James Giddens said he needed "immediate and complete access" to the information to probe the circumstances that led to Lehman's collapse.
He added that he had received some voluntary co-operation from those at Lehman and Barclays Capital, which bought Lehman's brokerage unit, but he needs the subpoena ability to get information from potential witnesses who "may not be willing or feel themselves able to co-operate with all requests from the Trustee".
Lehman, which collapsed in September, is the focus of three grand jury investigations and several other government investigations.
Twelve people have already been subpoenaed, Lehman's bankruptcy lawyer, Harvey Miller, said.
