Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Neuberger Fund Manager Demands $12 Million from Lehman Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 11, 2009

A Neuberger Fund Manager Demands $12 Million from Lehman

by: Adam Kommel

Neuberger Berman fund manager Judy Vale wants $12.3 million from Lehman Brothers, The Wall Street Journal reported Friday.

Vale filed the claim on August 27, asserting that Lehman owes her for "compensation as employee" and "restricted stock units," which were granted between October 2003 and July 2008.

The WSJ's Patrick Fitzgerald wrote that other former Lehman workers will likely follow Vale's lead: “With the bankruptcy court setting a Sept. 22 deadline for claims against Lehman's estate, you can expect other employees to file claims in the coming days,” he wrote.

Vale is known for her June 2008 suggestion to Lehman's Executive committee that “top management should forgo bonuses” that year. After reading the e-mail, forwarded to him by one of the original recipients, then-CEO Dick Fuld dismissed Vale's concerns, writing, “Don’t worry — they are only people who think about their own pockets,” referring to Neuberger Berman employees. The e-mails were released by the House Committee on Oversight and Government Reform while Lehman was being investigated in October 2008.

Lehman Brothers filed for bankruptcy on September 15, 2008. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use