Trader Wrestles Lehman Estate Over Big Bonus
From nasdaq.com
When Lehman Brothers Holdings Inc. abruptly filed for bankruptcy in September 2008, many stunned employees walked away with little more than boxes filled with desktop knickknacks. A little-known bond trader, Jonathan Hoffman, took something else: an IOU for $83 million in unpaid bonuses. More than six years later, Mr. Hoffman is still trying to collect. As part of a continuing bankruptcy-court battle in Manhattan with the Lehman bankruptcy trustee, both sides agree that Mr. Hoffman earned profits of more than $750 million for the bank in the turmoil of 2007 and 2008 while trading government bonds as a self-described ...
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