Lehman Paid Managers, Lawyers $27.1 Million in April
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Lehman Brothers Holdings Inc., whose fees to advisers have exceeded $1.26 billion during its bankruptcy, paid lawyers and managers $27.1 million in April.
Restructuring firm Alvarez & Marsal LLC, whose co-founder Bryan Marsal runs the defunct investment bank, made $431.7 million in “interim management” fees for 31 1/2 months of work, including $8.9 million last month, according to a filing with the U.S. Securities and Exchange Commission. Weil, Gotshal & Manges LLP, based in New York, was paid $293.8 million through April for acting as Lehman’s lead bankruptcy law firm, including almost $7.9 million last month.