K.C.-based Epiq Systems will administer Lehman claims
By Dan Margolies | Kansas City Star
Epiq Systems Inc. has been hired to handle claims administration work in the largest bankruptcy in U.S. history, the Chapter 11 filing of Lehman Brothers Holdings Inc.
Lew Schroeber, a spokesman for the Kansas City, Kan.-based company, said that Epiq had been officially retained Tuesday night.
"It's a significant retention for us, but one of the things we're noted for is our ability to handle large bankruptcy cases," he said.
With assets of $639 billion, Lehman is far and away the biggest company to seek Chapter 11 protection. WorldCom, which filed for bankruptcy in 2002, had assets of about $126 billion and Enron, which filed for bankruptcy in 2001, had assets of about $81 billion. (Both figures are unadjusted for inflation.)
Read the full story at KansasCity.com.
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