Tapped two years ago to serve as counsel to a court-appointed trustee overseeing the liquidation of Lehman Brothers’s broker-dealer unit, Hughes Hubbard & Reed has been paid $107.8 million for its services, Bloomberg reports.
James Giddens, the cochair of Hughes Hubbard’s bankruptcy and corporate reorganization group, has been given the task of returning assets to customers of Lehman’s brokerage under the Securities Investor Protection Act (SIPA).
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