October 19, 2012 01:00 PM Eastern Daylight Time
LEHMAN Brothers Holdings Inc. Names Matthew CANTOR
Executive Vice President of Legal Affairs and Chief General Counsel
"NEW YORK--(BUSINESS WIRE)--LEHMAN Brothers Holdings Inc. (LBHI) announced today that it has named Matthew CANTOR, a prominent bankruptcy attorney and investment manager, as its Executive Vice President of Legal Affairs and Chief General Counsel. CANTOR will step down as a director on the board of Lehman Brothers Special Finance (LBSF) and be replaced by Ken GROSSMAN, an accomplished veteran investor in troubled and distressed credit products and special situations.
In this newly created role, CANTOR will head the legal department, coordinate the company's legal functions and oversee all litigation matters, bringing his proactive and strategic approach to the many complex legal matters in which the company is involved.
"The LBHI Board has been very clear in its objective to obtain the best results possible for creditors, negotiating settlements when possible and vigorously pursuing litigation when justified and necessary," said CANTOR. "The broad scope and complex nature of the pending legal issues present a compelling opportunity, and I look forward to working with the outstanding lawyers at the company."
John SUCKOW, LBHI's President and CEO, said: "Matt CANTOR is an outstanding lawyer and strategic thinker. His insight and experience will be important as we continue our aggressive efforts to maximize asset values and mitigate claims."
CANTOR has been a partner at the law firms of Weil, Gotshal & Manges and Kirkland & Ellis, and during his legal career has represented debtors, creditors and investors in bankruptcy cases and workouts. Most recently, he was a founding principal of Normandy Hill Capital, an investment manager focusing on distressed, event-driven credit and special situations"...
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