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Lehman Brothers close to naming a new board: report

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(Reuters) – The bankruptcy estate of Lehman Brothers Holdings is close to naming a new board of directors to help finish winding down the collapsed financial firm, the Wall Street Journal said, citing people familiar with the matter.

The new board, made up of seven experts in restructuring, real estate and derivatives who are not tied to Lehman, will oversee the liquidation of tens of billions of dollars in assets for the benefit of Lehman creditors, the people told the WSJ.

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A Lehman spokeswoman declined to comment to the Journal. Lehman could not be immediately reached for comment by Reuters outside regular U.S. business hours.

Lehman reported $639 billion of assets when it filed for protection from creditors on September 15, 2008, in the largest U.S. bankruptcy. The filing was a major trigger of that year’s global financial crisis. Lehman was once the fourth-largest U.S. investment bank.

(Reporting by Sakthi Prasad in Bangalore; Editing by Muralikumar Anantharaman)

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Bill Barr slammed by ex-FBI official for ignoring the right-wing ‘Boogaloo Bois’ infiltrating protests

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Attorney General Bill Barr was slammed by the former assistant director for counterintelligence at the Federal Bureau of Investigation on Saturday for misleading Americans about the source of violence at the protests over the killing of George Floyd while in police custody.

"There's evidence developing, Brian, that the organization we're seeing of the most violent protesters is coming from a couple of disturbing places," both, by the way, there's disparate in terms in being from the right or the left. here's what those who monitor these groups and sites are seeing.

"We're seeing a far-right group, one group for example known as the Boogaloo Bois, who on their private Facebook page and social media outlets are calling for violence, calling for people to show up," Frank Figliuzzi told MSNBC's Brian Williams.

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Trump is the ‘greatest troll in the history of the internet’ and Twitter needs to ‘pull the plug’: NYT columnist

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President Donald Trump would face an existential crisis if Twitter were to enforce it's own rules and hold him accountable -- and one New York Times columnist wants to see it happen.

"C’mon, @Jack. You can do it," Maureen Dowd wrote, referring to Twitter CEO Jack Dorsey with his username on the platform.

She urged Dorsey to "just pull the plug on him."

"You could answer the existential question of whether @realDonaldTrump even exists if he doesn’t exist on Twitter. I tweet, therefore I am. Dorsey meets Descartes," she explained. "All it would take is one sweet click to force the greatest troll in the history of the internet to meet his maker."

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Justice Roberts took ‘clear swipe’ at Kavanaugh in opinion siding with liberals in religion case: report

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On Friday night, the Supreme Court handed down a decision in South Bay United Pentecostal Church v. Newsom, holding that California Gov. Gavin Newsom's restrictions on church gatherings are not a violation of religious liberty. Chief Justice John Roberts crossed over to join with the liberals for a 5-4 split.

But the ruling was dramatic in a key way. As court watcher Mark Joseph Stern wrote for Slate, Justice Brett Kavanaugh "falsely accused the state of religious discrimination in an extremely misleading opinion that omits the most important facts of the case" in his dissent — and was so dishonest that Roberts went out of his way to rebuke him in the Court opinion.

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