MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, October 7, 2008 Lehman Wants to Fast-Track the Neuberger Sale Lehman Brothers is pushing for a quick sale of its investemnt management unit, which includes Neuberger Berman. Reuters reports that the bankrupt holding company filed court papers Monday in efforts to expedite the sale process. According to the report, a lawyer representing Lehman said in the court documents that employee departures remain a risk if the sale does not proceed quickly. A hearing on the matter is set for October 16. Lehman also revealed some details of a retention package for Neuberger employees in court documents on Monday (see The MFWire, October 7, 2008). Printed from: MFWire.com/story.asp?s=19566 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |