Feb. 24 Symposium to Consider the Role of Lehman Brothers’ Failure in Current Economic Downturn

Three years after Lehman Bros. filed the largest Chapter 11 bankruptcy in U.S. history, world financial markets are still wobbly, unemployment in the U.S. remains stubbornly high, and Europe may be on the brink of financial disaster. On February 24, the University of Utah S.J. Quinney College of Law will host a special symposium, “Three Years after Lehman: Assessing the Regulatory Reforms of the Next Financial Crisis,” that will consider the role Lehman Brothers’ failure played in the current economic downturn and whether reforms enacted in the wake of the failure are adequate to protect economic markets going forward.

The symposium, to be held in the College of Law’s Sutherland Moot Courtroom, is free and open to the public.  It will feature several guests, including Ronald Filler, a former Lehman managing director and professor of law at New York University; David Marshall, a Senior Vice President at the Federal Reserve Bank of Chicago; and Steve Ramirez, a professor at the Loyola University School of Law, among others.  

Symposium organizer Christian Johnson, Professor of Law at the College of Law, said, “The conference attempts to put into perspective the Lehman failure (and the crisis generally) and to understand the effectiveness of the reforms that were enacted in the crisis’s aftermath.  Given the general state of the U.S. and the global economy, such reflection and analysis becomes critical as regulators and policy makers further consider their options and responsibilities.”

Topics to be covered include “Reliving the Lehman Failure and its Aftermath” and “Assessing the Legislative and Regulatory Answers to Lehman.” The keynote address will be provided by Anton Valukas, chairman of the law firm of Jenner & Block, who was the Bankruptcy Examiner in the Lehman Brothers bankruptcy.  Valukas has been named one of the country’s leading litigation lawyers for seven consecutive years by Chambers USA, and in 2009, he was recognized by Chicago Lawyer as “Person of the Year.”  In 2011, The American Lawyer magazine recognized Valukas as the “Newsmaker of the Year,” and in January 2012, AmLaw named him “Litigator of the Year.”  

To view the complete symposium schedule, click here.

To watch and participate in the live webcast of this symposium, tune in on February 24, beginning at 9:30 a.m.  To pre-register, call 801-585-3479.  Five hours CLE. Free parking in the Rice-Eccles Stadium lot.