BUSINESS
08/09/2009 05:12 am ET | Updated May 25, 2011

Lehman's Bankruptcy Advisers Get $262.6 Million

July 9 (Bloomberg) -- Lehman Brothers Holdings Inc., the investment bank liquidating in bankruptcy, paid its advisers $262.6 million for nine months of work, according to a filing with the U.S. Securities and Exchange Commission.

The best-paid firm through June was New York-based restructuring adviser Alvarez & Marsal LLC, which has taken $115 million in fees since Lehman declared bankruptcy in September, according to papers filed yesterday. Lehman's primary law firm, Weil Gotshal & Manges LLP of New York, received $63.7 million through June for a team headed by partner Harvey Miller.

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