Tony Lomas, a partner at PricewaterhouseCoopers, which was named Lehman's administrator, has negotiated a loan to pay the London staff of 4,500, according to Bloomberg.
As for the 6,000 Lehman employees in the rest of Europe, Lomas said that they may not be paid at all, and that the salary bill due to be paid this week amounted to $75 million before tax.
There are rumors that Barclays plc could also buy the European and Asian investment banking arms.
The checks that the London staff will likely receive are the second perk since the firm's collapse. Earlier in the week, theater impresario Andrew Lloyd Webber offered laid-off Lehman employees free tickets to his West End musicals. - Maria Woehr
Some employees of Lehman Brothers Holdings Inc. are breathing a sigh of relief. Employees of the investment bank's London office will be paid to the end of the month.
