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12 St. Mary's J. on Legal Malpractice & Ethics 2 (2021-2022)

handle is hein.journals/smjmale12 and id is 1 raw text is: 












                               ARTICLE




                               Garnick   Apollon



          Chief   Loophole Officer or Chief Legal Officer:
 Inside  Lehman Brothers-A Film Case Study About Corporate
                              and   Legal   Ethics


   Abstract.   This Article discusses the continuing legal education (CLE)  visual
advocacy   documentary-style   program,  which  Garrick  Apollon   (author of this
Article) researched and  developed.  The  case study  for this CLE documentary-
style program  is the film Inside Lehman Brothers-a documentary   film by Jennifer
Deschamps which chronicles the story of the Lehman whistleblowers. The film
presents Mathew   Lee, former  senior vice president overseeing  Lehman's   global
balance   sheet; Oliver  Budde,   former   in-house   counsel  (associate  general
counsel)  of the Lehman   Brothers;  and  the racialized female mid-tier manager
whistleblowers,  who   all paid a  steep price  in the 2008  American   subprime
mortgage   crisis, while  many   of  the  top-positioned   white  men   remained
unscathed.'   The  overall aim of this course, which is pioneered on  the ethical


     1. Inside Lehman Brothers: A Case Stuzdy in Compliance, Corporate Misconduct, Whistleblon ing and Ethical
Decision Making, UDocsFILM, [hereinafter Inside Lehman Brothers: A Case Study in Compliance]
https://courses.udocsfilm.com/courses/Inside-Lehman-Brothers [https://perma.cc/C3ZV-4RLY]
(Although today the banks have recuperated and are back to business as usual, Inside Lehman Brothers
is the cautionary tale for how damaging fraudulent behavior can be. The demise of the giant financial
global institution Lehman Brothers, a bankruptcy estimated at $639 billion, accelerated the global
financial crisis and sparked debate in Washington over ethical issues on Wall Street and in other
financial markets around the world.). Garrick Apollon's research for the CLE documentary-style
program, Inside Lehman Brothers: A Case Study in Compliance, Corporate Misconduct, Whistleblon ing and Ethical
Decision Making, began in the context of his fellowship at the Hennick Centre for Business and Law at
York University. See Lehman Brothers-Ethics Project, HENNICK CENTRE, https://hennickcentre.ca/
researchers/visual-legal-advocacy-program/lehman-brothers-project/ [https://perma.cc/24ND-M7
EX] (detailing the origin of the CLE documentary-style program).


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