Law360, New York (December 09, 2011, 10:33 PM ET) -- The U.S. trustee for Lehman Brothers Holdings Inc. on Friday urged a New York bankruptcy court to reject the company's bid to hire Gleacher & Co. Inc. as its financial adviser for the potential sale of its Archstone property portfolio.
U.S. Trustee Tracy Hope Davis claims in a written objection that Lehman has already retained Lazard Freres & Co. LLC for the services it laid out in its Gleacher application and that the proposed fees the firm would be paid are unreasonable.
She says the retention...
Lehman Won't Need Gleacher For Archstone Talks: Trustee
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