Zombie Lehman Brothers wants ever more money from nonprofits

Lehman Brothers may be defunct but its bankruptcy shambles onward, ripping money from institutions who thought they were done with the zombie. Institutions, including many nonprofits, paid Lehman to break swaps contacts. Now, years later, Lehman bankruptcy lawyers say the money wasn’t enough and much more is needed.

“Lehman is sort of a zombie-like bankruptcy entity: Instead of looking for brains, it’s looking for cash,” says Chip Bowles, a bankruptcy lawyer