Energy & Utilities Law › Securities Law › Bankruptcy

Bankruptcy Court Rejects Triangular Setoff Rights in ISDA Agreement

On October 4, 2011, in the case of In re Lehman Brothers Inc., the Bankruptcy Court in the Southern District of New York (the "Court") held that a cross-affiliate setoff provision contained in a swap agreement was not...more

Misrepresentation of Lehman Guaranty Supports Securities Claim

An investment company’s representation that certain energy bonds were backed by the State of Georgia—when they were in fact guarantied by Lehman Brothers Holdings, Inc.—could subject the firm to liability for securities...more

Economic Analysis of Enron

ENRON WAS NOT ALL BAD Enron is commonly trotted out as the poster child of corporate greed and arrogance. This is a misreading of the record and a misreading of history. Back in 2003, Christopher L. Culp, then adjunct...more