Lehman's Advisers Earn $568M in Fees

Twenty-eight law firms, financial advisers, investment banks and consulting firms working to unwind Lehman Brothers Holdings Inc. in bankruptcy racked up $568.7 million in fees through December.

In papers filed with the U.S. Bankruptcy Court in Manhattan last week, Lehman detailed the fees it paid to the professionals working on its Chapter 11 case between its Sept. 15, 2008, bankruptcy filing and the end of December 2009.

The firms working on the case are subject to 10% fee holdbacks, which were not included in the total.

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