Lehman to Pay $122 Million in One-Time Fees in December

Lehman Brothers Holdings Inc. will pay advisers and managers $122 million in one-time fees in December, including incentives and amounts owed to professionals that were previously held back, according to a bankruptcy court filing. A judge last month approved $42 million in incentive fees for Alvarez & Marsal North America LLC, which manages the defunct firm.

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

To contact the editor responsible for this story: Mary Romano at mromano6@bloomberg.net

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