Lehman Brothers Holdings Inc., which is still liquidating after exiting court protection last year, paid advisers and managers $153.8 million in December, putting total fees over the $2 billion mark in the more than four years since it filed for bankruptcy.
Lehman Brothers Holdings Inc., which is selling assets to pay creditors another $32 billion by 2016, asked a judge to sign an order barring governments from taking taxes on any deals it strikes with buyers.
Two years ago, U.S. Bankruptcy Judge James Peck in Manhattan gave lawyers a blank check to complete a deal with Barclays Plc to salvage the remains of Lehman Brothers Holdings Inc. and prevent further financial catastrophe.
Barclays Plc , after defeating Lehman Brothers Holdings Inc. ’s bid to seize $11 billion for an alleged “windfall” on its purchase of Lehman’s brokerage, has been trying for seven weeks to confirm how much it owes or is owed on the deal, said a person familiar with the case.
Lehman Brothers Holdings Inc. lost a bid to block Bank of America Corp. and Barclays Plc from giving Sam Zell’s Equity Residential an option to buy 26.5 percent of Archstone when a judge said Zell was entitled to the option.
Barclays Plc , which bought Lehman Brothers Holdings Inc .’s North American business, must return $2 billion in margin assets to the trustee liquidating the remains of Lehman’s brokerage and pay about $270 million in interest, a bankruptcy judge ruled.