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Ex-Lehman Trader Continues Fight for Multimillion-Dollar Bonus

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A former Lehman Brothers trader is still fighting for bonus money he says is owed him from 2008, the Wall Street Journal reported today. Jonathan Hoffman, a global rates trader, denied in a bankruptcy court filing an assertion by the trustee unwinding Lehman’s brokerage that he was “fully paid” $84.8 million in bonus money he was owed. Hoffman, who at the time of Lehman’s collapse was the bank’s third-highest paid rank-and-file employee, also denies Lehman’s assertion that he is asking to be paid twice for the bonus. Hoffman says that his bonus package with Lehman was separate from the one he negotiated with Barclays PLC after Barclays bought the brokerage. Barclays paid Hoffman a bonus as part of his compensation.