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&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: Arial&quot;&gt;We&amp;#8217;ve learned a few things about jolly old Lord Falconer of Thoroton over the past week: a) He&amp;#8217;s a real person (we&amp;#8217;d previously assumed he was some obscure J.K. Rowling creation) who likes to don fake hair; b) He represents a strikingly accurate composite of Karl Rove and Jeff Garlin; and c) He&amp;#8217;s first in line for the additional title of Damn Good Prognosticator.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: Arial&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: Arial&quot;&gt;&lt;/span&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: Arial&quot;&gt;A week ago today, the former Lord Chancellor&amp;#8212;who&amp;#8217;s now a consultant for Gibson, Dunn &amp;amp; Crutcher&amp;#8212;predicted that the collapse of Lehman Brothers would prompt a wave of &amp;#8220;mega litigation.&amp;#8221;&amp;nbsp; Two days thereafter, scads of BigLawyers gathered to witness the latest developments of the nation&amp;#8217;s largest-ever bankruptcy case, reportedly bumping Chelsea Clinton into the SRO section of Manhattan&amp;#8217;s Alexander Hamilton Custom House, and by Monday, hedge funds on both sides of the Atlantic had filed legal challenges to the court-approved sale of Lehman&amp;#8217;s North American holdings to Barclays.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: Arial&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: Arial&quot;&gt;&lt;/span&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: Arial&quot;&gt;Bay Harbour Management L.C., a Manhattan firm that&amp;#8217;s &amp;#8220;focused on investing in and around markets for distressed securities,&amp;#8221; appealed the sale on Monday in the U.S. Bankruptcy Court of the Southern District of New York&amp;#8212;scene of the aforementioned Friday night scrum.&amp;nbsp; While Bay Harbour didn&amp;#8217;t disclose grounds for the Monday filing, the company, along with fellow hedge fund Amber Capital, accused Lehman&amp;#8217;s last week of improperly shifting some $8 billion in European assets to the company&amp;#8217;s headquarters in New York just before the bankruptcy filing.&amp;nbsp; London-based hedge fund GLG Partners, meanwhile, has also joined the fray, filing in the same New York court in an attempt to recover Lehman funds it claims it&amp;#8217;s owed as a creditor, while another London institution, RAB Capital, has sued to recover some $50 million of assets held in limbo as Lehman administrators sift through the wreckage; London law firm Simmons &amp;amp; Simmons is leading RAB into battle, &lt;i&gt;LegalWeek&lt;/i&gt; reports.&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: Arial&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt; TEXT-ALIGN: right&quot; align=&quot;right&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: Arial&quot;&gt;&lt;/span&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt; TEXT-ALIGN: right&quot; align=&quot;right&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: Arial&quot;&gt;- posted by ben fuchs&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;

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