Lehman Brothers Trader Wants 2008 Bonus – Again

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Mark Melin
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Updated on
lehman brothers

Lawyer James Giddens, who handled the bankruptcies for Lehman Brothers and MF Global, doesn’t want to pay Jonathan Hoffman an $84 million bonus he says was already paid. Hoffman, 42, says when he left Lehman he was owed $76.3 million bonus for 2008 and another $7.7 million for the second installment of his 2007 bonus, according to a report in The Wall Street Journal. Giddens disagrees, saying after Barclays bought the bank it “fully paid” Hoffman, who is seeking $84 million. Giddens is attempting to have that claim thrown out. Hoffman claims money paid by Barclays had nothing to do with…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.