Lehman Bankruptcy Judge Peck to Join Morrison & Foerster, which represented the mortgage lender

Any Congressional member that doesn’t think the bankruptcy system is a racket needs their head examined.

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Lehman Bankruptcy Judge Peck to Join Morrison & Foerster, which represented the mortgage lender

As U.S. Bankruptcy Judge James Peck leaves the bench, one object is definitely going with him: a Lehman Brothers baby rattle.

Judge Peck, who presided over the Lehman Brothers bankruptcy, is joining law firm Morrison & Foerster LLP after stepping down from the Manhattan bankruptcy court. The rattle was purchased at an auction of Lehman memorabilia by a participant in the case who also was involved in the Residential Capital LLC Chapter 11 case, in which Judge Peck served as mediator.

Judge Peck spent thousands of hours over 5½ years working on Lehman’s U.S. bankruptcy case and related insolvency proceedings in courts around the world. More than 42,000 docket entries were filed in the case, the largest ever U.S. bankruptcy filing.

The judge says the rattle bearing the Lehman name and with links to ResCap is…

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2 thoughts on “Lehman Bankruptcy Judge Peck to Join Morrison & Foerster, which represented the mortgage lender

  1. We’ve seen Bankruptcy judges go the other way, working for as a lawyer for a corrupt Bank, then assuming the position on the bench. (‘appointed by the Court of Appeals’, to assume the position)

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