Epiq Systems Hired for Lehman Bros. Chapter 11 Claims Administration

Epiq Systems Inc. announced today that it has been hired to handle the claims administration work in the Chapter 11 filing of Lehman Brothers Holdings Inc. (LEH). With assets of $639 billion, Lehman is easily the largest company ever to seek Chapter 11 protection according to figures reported in the Kansas City Star.  By comparison, WorldCom had assets of about $126 billion and Enron had assets of about $81 billion.  Epiq also reportedly handled claims administration in the WorldCom and Enron bankruptcies.

Richard Shannon of Northland Securities Inc., an analyst who follows publicly-traded Epiq (EPIQ), estimated yesterday that “with a case the size of Lehman, we think it is possible that it could add $1 million in revenues” to Epiq in the fourth quarter of 2008 and the first quarter of 2009, “and potentially more.”

Read the Kansas City Star article

1 Comment

  • Ryan Thomas
    Posted September 30, 2013, 3:46 pm 3:46 pm 0Likes

    Please forward all future documents referring to Lehman LCP concerning Thomas F Ryan to:Thomas F Ryan 3;6 Shepherds Path Marshfield Mass 02050; and not to Hennigan,Bennet&Dorman LLP 865 Fiquerora. Street, Suite 2900 Los Angeles Ca 90017

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