Lehman looks to hire Bryan P. Marsal as chief restructuring officer

By Caroline Salls

Pittsburgh, Oct. 8 - Lehman Brothers Holdings, Inc. requested court approval to hire Bryan P. Marsal of Alvarez & Marsal North America, LLC as its chief restructuring officer, according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Under the engagement letter, Alvarez & Marsal will also provide Lehman with additional staff to assist the company with its restructuring.

Specifically, David Coles and James Fogharty will serve as Lehman executive officers as part of the engagement.

An interim hearing is scheduled for Oct. 16, and the final hearing will be held Nov. 5.

New York-based Lehman Brothers Holdings is the fourth largest investment bank in the United States. The company filed for bankruptcy on Sept. 15. Its Chapter 11 case number is 08-13555.

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