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.

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