Lehman Brokerage Trustee Seeks Fees, Expenses of $37.5 Million

The law firm of the trustee liquidating the Lehman Brothers Inc. brokerage asked a judge to approve fees and expenses of $37.5 million for the period from July 1 through February 28.

A bankruptcy judge previously approved $212.7 million in fees and expenses for James Giddens and the law firm of Hughes Hubbard & Reed LLP for the four-and-a-half years since September 2008, according to a federal court filing in Manhattan yesterday. Giddens hasn’t yet told brokerage customers when they will be paid.

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

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net

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