Bloomberg: “Lehman Brothers Holdings Inc., the investment bank liquidating in bankruptcy, paid its lawyers and other advisers $641.9 million in 16 months since September 2008 . . . .” Quite a gravy train for the law firms representing the bankrupt debtor. Fifteen law firms have charged Lehman $310,791,000 since September 15, 2008, the date Lehman filed its bankruptcy petition. The debtor’s primary law firm, Weil, Gotshal & Manges, Lehman’s has charged fees and costs of approximately $149.5 million during that 16-month period.
See “The Lehman Brothers Bill: $641.9 Million and Counting” and “Weil Gotshal Has Billed Lehman $296,631 Per Day Since Bankruptcy.”
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