Lehman Paid Managers, Lawyers $27.5 Million in June
This article is for subscribers only.
Lehman Brothers Holdings Inc., whose fees to advisers have exceeded $1.3 billion during its bankruptcy, paid lawyers and managers $27.5 million in June.
Restructuring firm Alvarez & Marsal LLC, whose co-founder Bryan Marsal runs the defunct investment bank, received $451 million in fees for 33 1/2 months of “interim management,” including $9 million last month, according to a filing with the U.S. Securities and Exchange Commission. Weil, Gotshal & Manges LLP, based in New York, whose fees through June were $319 million for acting as Lehman’s lead bankruptcy law firm, also collected $9 million in June.