Wednesday, July 4, 2012

How To Get Rich In Bankruptcy

Alvarez & Marsal, advisers for Lehman Brothers during the current three and one-half years of bankruptcy have requested a $31.5 million incentive fee for work already done and $59.2 million in incentive fees for work it will continue to do. If granted, the incentive fees will bring the total billed by Alvarez & Marsal to more than $620 million. The lead attorneys in the Lehman case have received nearly $390 million to date. http://online.wsj.com/article/SB10001424052702304708604577502962731820288.html?KEYWORDS=lehman+advisers