Lehman Paid Managers, Lawyers $28.6 Million in July
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Lehman Brothers Holdings Inc., whose bankruptcy fees are approaching $1.4 billion, paid lawyers and managers $28.6 million in July.
Restructuring firm Alvarez & Marsal LLC, whose co-founder Bryan Marsal runs the defunct investment bank, received $460.1 million in fees for 34 1/2 months of “interim management,” including about $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 totaled $326.6 million for acting as Lehman’s lead bankruptcy law firm, collected $7.7 million in July.