Lehman Brothers Looks To Rehire 480 Employees

By Jesse Greenspan

Law360, New York (October 31, 2008, 12:00 AM ET) -- Bankrupt investment bank Lehman Brothers Holdings Inc. has asked for court permission to retain about 480 former employees in order to help wind down its affairs without losing value for its stakeholders.

In a motion filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York, Lehman Brothers said its current work force is too small to respond “efficiently and effectively” to inquires from traders, brokers, hedge funds and others who all want information about their transactions.

“The retention and recruitment program is...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles