Just when you thought you'd heard the last of them, Lehman Brothers Holdings Inc, whose fees to advisers have exceeded $1.3 billion during its bankruptcy, paid lawyers and managers $27.5 million in June, according to Bloomberg reporters.
Restructuring firm Alvarez & Marsal LLC, whose co-founder Bryan Marsal runs the defunct investment bank, received $451 million in fees for 33 1/2 months of “interim management,” including $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 through June were $319 million for acting as Lehman’s lead bankruptcy law firm, also collected $9 million in June.
Unsurprisingly, Kimberly Macleod, a Lehman spokeswoman, didn’t immediately respond to an e-mail seeking comment.
http://www.bloomberg.com/news/2011-07-21/lehman-paid-bankruptcy-managers-lawyers-27-5-million-in-fees-last-month.html
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