Lehman Racks Up $263M In Professional Bills

Law360, New York (July 9, 2009, 12:00 AM EDT) -- A whopping $262.6 million has been doled out to lawyers and other restructuring professionals since Lehman Brothers Holding Inc. entered Chapter 11 in September 2008, with almost half of the money going to restructuring advisory firm Alvarez & Marsal LLC.

On Thursday, the liquidating brokerage giant filed a monthly operating report with the U.S. Bankruptcy Court for the Southern District of New York and the U.S. Securities and Exchange Commission, totaling up the professional bills that have been expended in the name of what was once...
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