Lehman USD50M Bonus Plan OK’d

16 Dec 2009

U.S. Bankruptcy Judge James Peck of Manhattan has approved a plan by Lehman Brothers Holdings to dole out USD50 million in bonuses to the staffers unwinding the collapsed bank’s USD50 billion derivative portfolio.

U.S. Bankruptcy Judge James Peck of Manhattan has approved a plan by Lehman Brothers Holdings to dole out USD50 million in bonuses to the staffers unwinding the collapsed bank’s USD50 billion derivative portfolio. According to court documents, Lehman had argued that awards were necessary to keep the 230 ...

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