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From approximately 1980 to 1995, Mr. Lerner worked for the
law firm of O’Melveny & Myers, LLP. He worked in the firm’s Los
Angeles office until 1986 or 1987, before leaving to head up the
firm’s London office. In 1992, he returned to the firm’s Los
Angeles office for about a year before moving to the firm’s New
York office. In 1996, Mr. Lerner retired from O’Melveny & Myers
to become a sole practitioner.
B. Peter Ackerman
Peter Ackerman is a successful businessman. He attended
Colgate University, where he received a bachelor’s degree. He
attended graduate school at the Fletcher School of Law and
Diplomacy, ultimately receiving a Master of Arts and Law and
Diplomacy, and a Ph.D. in international affairs.
From 1978 to 1989, Mr. Ackerman worked at Drexel Burnham
(formerly Burnham & Co.) with Michael Milken in the high-yield
and convertible bond department. While there, he was exposed to
buying and selling high-yield bonds, recapitalizing (leveraging)
companies, restructuring troubled businesses, and financing and
investing in businesses.
During the period of Mr. Ackerman’s employment there, Drexel
Burnham arranged the financing for major film companies,
including Warner Brothers, Paramount, Turner, CNN, and Orion.
Mr. Ackerman was actively involved in structuring the financing
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