Lehman Won't Need Gleacher For Archstone Talks: Trustee

Law360, New York (December 9, 2011, 10:33 PM EST) -- 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...
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