The financial advisory firm that guided an Arkansas vegetable-canning company through bankruptcy to survival may have to return the money it earned—and tens of millions of dollars more—because
Lehman Brothers says a former trader received his entire $84 million bonus in 2008. Now the failed bank claims he is asking for it again. The Wall Street Journal has the Daily Bankruptcy Review article here.
The leader of Bernard Madoff’s broker-dealer business was sentenced to 10 years in prison on Monday for aiding one of the largest financial frauds in U.S. history with “his meticulous bookkeeping and averted eye,” reports WSJ.
A general view of the Ponte Vecchio Bridge at Ravella at Lake Las Vegas, a Dolce Hotel & Resort, during the hotel’s grand opening February 11, 2011 in Henderson, Nev.
Latin American Nextel carrier NII Holdings Inc. has asked for a bankruptcy judge’s permission to pay executives and other top-level employees as much as $9 million in bonuses. Read the Daily Bankruptcy Review article here.
