Lehman’s Nov. 30 Free Cash Increases to $5.6 Billion
Defunct Lehman Brothers Holdings Inc. and its affiliates had $5.6 billion in free cash on Nov. 30, an increase of $1.1 billion during the month. Restricted cash of $13.7 billion included $5.8 billion of reserves for disputed claims, according to a post-bankruptcy report filed in federal court in Manhattan.
The former investment bank paid advisers and managers $12.8 million in November, bringing total fees since 2008 to almost $1.8 billion. The firm is overseen by a new board since leaving bankruptcy in March.
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