July 9 (Reuters) - Lehman Brothers Holdings Inc LEHMQ.PK has paid more than a quarter of a billion dollars in legal and consulting fees since it filed for bankruptcy protection last September.
Lehman paid a total of $262.6 million through June, according to a filing with the U.S. Securities and Exchange Commission.
The major chunk of this money was paid to restructuring and corporate advisory firm Alvarez & Marsal. The firm has received about $115 million, or 44 percent, of the total amount.
Art consultant and auctioneer Kelly Matthew Wright was the least paid and got $30,000. Wright was appointed to provide consulting services with respect to the disposition of Lehman’s corporate art collections.
Lehman filed for bankruptcy protection last year after trying to finance too many risky assets with too little capital.
It has raised billions in cash through the sale of real estate and other assets since filing for bankruptcy. (Reporting by Hezron Selvi in Bangalore; Editing by Lisa Von Ahn)
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