Lehman asks a judge for approval to pay millions in bonuses

10/29/2010 | Reuters

Lehman Bros. has asked U.S. Bankruptcy Judge James Peck for approval to pay as much as $30 million in bonuses next year to those unwinding the collapsed bank's derivatives business. Peck has already approved $15 million, but the money has yet to be earned and awarded. Court records show that Lehman's effort to unwind derivatives deals has yielded more than $11 billion.

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