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.)
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