“Former Lehman Trader Loses Bid for a ‘Double-Dip’ Bonus of $83 Million”
A bankruptcy judge largely rejected a “double-dip” bid by a former Lehman Brothers bond trader for an $83 million bonus he claimed he was owed following the investment bank’s 2008 collapse, with the judge calling his request “pure nonsense.”
Judge Chapman also handed down rulings on several other former employees seeking bonuses from Lehman.
Energy trader J. Robert Chambers won the judge’s blessing for a $40.7 million bonus, Mr. Chambers received only $1 million from Barclays after he was transferred from the floundering Lehman.