Lehman Pays More Than $500 Million to Marsal Firm in 39½Months
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Lehman Brothers Holdings Inc. has paid more than $500 million in fees to restructuring firm Alvarez & Marsal LLC in 39 1/2 months, according to a court filing.
The firm, whose co-founder Bryan Marsal runs the defunct investment bank, charged $504.2 million through December for “interim management,” including $8 million last month, according to the filing with the U.S. Securities and Exchange Commission.