The Lehman Bankruptcy Fee Awards: And the Winner Is...

Lehman Brothers Holdings’s September collapse accelerated a financial crisis that depleted the wealth of millions of Americans. But it has been a boon for lawyers and bankers working on the firm’s historic bankruptcy.

Late Thursday, a judge issued the written order approving more than $96 million in fees for Wall Street law firms and restructuring shops working on the case. The actual fees awarded amount to more than $86 million, as 10% is subject to a “holdback” for later disbursement by the bankruptcy court...

WSJ: The Lehman Bankruptcy Fee Awards: And the Winner Is...