Legal Opinion
Adler v. Lehman Bros. Holdings Inc. (In re Lehman Bros. Holdings Inc.)
Court of Appeals for the Second Circuit
Decided May 4, 2017No. Docket Nos. 16-1296-bk, 16-1304-bk, 16-1306-bk, 16-1360-bk, 16-1361-bk, 16-1363-bk, 16-1365-bk, 16-1367-bkPublishedCited by 33 opinions
1Opinion of the Court
SACK, Circuit Judge:
It is not uncommon for corporate employers to compensate their high-ranking employees not only with cash, but also with equity in the corporation. Such arrangements align the employees’ financial incentives with, those of the company: If the company succeeds financially, so too do its stake-holding employees; but if the company falters—even to and beyond the point of bankruptcy—its employees bear some of the loss. Prior to its bankruptcy filing, Lehman Brothers Holdings Inc. (“Lehman Brothers”) adopted this approach, compensating many of its employees in part with…
2Cases cited31 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- International Brotherhood of Teamsters v. DanielSupreme Court of the United States · 1979
- VLIW TECHNOLOGY, LLC v. Hewlett-Packard Co.Supreme Court of Delaware · 2003
- In Re Telegroup, Inc. Baroda Hill Investments, Ltd. Leheron Corporation, Ltd. Kimble John Winter v. Telegroup, IncCourt of Appeals for the Third Circuit · 2002
- In Re Iridium Operating LLCCourt of Appeals for the Second Circuit · 2007
26 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- 4 Pillar Dynasty LLC v. New York & Co., Inc.Court of Appeals for the Second Circuit · 2019
- Kevin Lampkin v. UBS Painewebber, Inc., etCourt of Appeals for the Fifth Circuit · 2019
- Ridgemour Meyer Props., LLC v. Goetz Fitzpatrick, LLP (In re Ridgemour Meyer Props., LLC)District Court, S.D. Illinois · 2019
- Salim v. Nisselson (In re Big Apple Volkswagen, LLC)District Court, S.D. New York · 2017
- Dana French v. Linn Energy, L.L.C.Court of Appeals for the Fifth Circuit · 2019
28 more not listed; retrieve them via the Exa API.