Lehman Paid Managers, Lawyers $31.9 Million in March
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Lehman Brothers Holdings Inc., whose fees to advisers have exceeded $1.2 billion during its bankruptcy, paid lawyers and managers $31.9 million in March.
Restructuring firm Alvarez & Marsal LLC, whose co-founder Bryan Marsal runs the defunct investment bank, made $422.9 million in “interim management” fees for 30 1/2 months of work, including $10.2 million last month, according to the filing with the U.S. Securities and Exchange Commission. Weil, Gotshal & Manges LLP, based in New York, was paid $286 million for acting as Lehman’s lead bankruptcy law firm through March, including $6.1 million last month.