The trustee in charge of Lehman Brothers Holdings Inc.'s failed brokerage defended his bid to consolidate the deferred-compensation claims of former Lehman employees into one proceeding, saying that doing so would save the estate money, Dow Jones Daily Bankruptcy Review reported today. Lawyers for trustee James W. Giddens said in a court filing on Tuesday that consolidating the claims into one is the best option, contrary to the arguments of 340 former employees who want their complaints heard separately. Among other benefits, consolidation would keep Lehman from having to spend more in litigation, the lawyers said.
