Lehman Brokerage Trustee, Law Firm Seek $22.8 Million in Fees

The trustee of Lehman Brothers Holdings Inc.’s defunct brokerage and his law firm are seeking fees of $22.8 million for work done from Feb. 1 to May 31, according to a court filing today.

James Giddens and his law firm, Hughes Hubbard & Reed LLP, said they worked 49,743 hours, including 526 hours of Giddens’s time, liquidating the remains of the brokerage. They are also asking a judge to approve $403,978 in expenses.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

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