Marsal, who bills Lehman hourly, ended a fight for control of the firm’s $65 billion liquidation by taking some potential payments from bondholders including hedge fund Paulson & Co. to give to derivatives creditors such as Goldman Sachs Group Inc. The defunct firm said in September that holders of $140 billion in claims support its liquidation plan, due to be voted on in November.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.