Lehman bankruptcy advisers paid $642 mn
Lehman Brothers Holdings, the investment bank liquidating in bankruptcy, paid its lawyers and other advisers $641.9 million in 16 months since September 2008, according to a regulatory filing.
NEW YORK: Lehman Brothers Holdings, the investment bank liquidating in bankruptcy, paid its lawyers and other advisers $641.9 million in 16 months since September 2008, according to a regulatory filing.
The restructuring firm Alvarez & Marsal, which provided Lehman with its current CEO, Bryan Marsal, led the payments with $233 million in fees for “interim management” through January, according to the filing on Saturday with the US Securities and Exchange Commission.
The restructuring firm Alvarez & Marsal, which provided Lehman with its current CEO, Bryan Marsal, led the payments with $233 million in fees for “interim management” through January, according to the filing on Saturday with the US Securities and Exchange Commission.
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