News In Brief

The big money winners of the Lehman Brothers collapse

Tess Vigeland Nov 22, 2010

And this final note. Two years and two months after the collapse of Lehman Brothers, at least one industry has found the upside: Bankruptcy lawyers. Today’s Wall Street Journal reports the cadre of attorneys and other advisers handling Lehman’s demise has raked in more than $1 billion in fees. Lawyers for the company’s creditors alone reaped $75 million through last month.

Nice work if you can get it.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.

$5/month special ending soon!

Don’t wait: there’s less than 24 hours left to get (almost) any Marketplace thank-you gift.