KANSAS CITY, Kan. (AP) _ Epiq Systems Inc. has been hired to handle claims administration work in the Chapter 11 bankruptcy filing of Lehman Brothers Holdings Inc.
Epiq spokesman Lew Schroeber said Kansas City, Kansas-based company was officially retained Tuesday night. Epiq also handled claims administration in both the WorldCom and Enron bankruptcies, but Lehman's Chapter 11 filing is by far the largest in U.S. history.
Epiq software helps law firms, corporate legal departments and bankruptcy trustees manage documents and casework for bankruptcy, electronic discovery and class-action proceedings.
Lehman filed for Chapter 11 on Monday after the investment bank was unable to raise capital to bolster its sagging balance sheet amid the ongoing credit crisis.
(Copyright 2008 by The Associated Press. All Rights Reserved.)