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Miller said that the total $100 million so far requestedfor professional fees in the case is drawing attention anddeserves added scrutiny "A honey pot attracts flies," said Miller. The committee was requested by Harvey Miller of WeilGotshal, the lead attorney representing Lehman (LEHMQ.PK), whosaid the committee would ensure transparency of professionalfees and expenses. Merrill Lynch, Keybanc Capital Markets and Wachovia are thejoint book-running managers for the offering. (Reporting by Biswarup Gooptu in Bangalore; Editing by DeepakKannan) Stocks IPOs. MOSCOW (Reuters) - Russia may face wars on its borders in the near future over control of energy resources, a Kremlin document on security policy said on Wednesday. By Tom Hals Stocks | Regulatory News | Bonds | Global Markets | Bankruptcy NEW YORK, May 13 (Reuters) - A judge appointed a committeeon Wednesday to review fees in the bankruptcy of LehmanBrothers Holdings Inc and postponed a decision on a $55 millionrequest from Weil Gotshal & Manges LLP, one of the largestsingle fee requests ever.
Stocks | IPOs Shares of the company fell as much as 27 percent, beforeparing some losses to trade down 86 cents at $3.14 Wednesdaymorning. The stock was the biggest percentage loser on the NewYork Stock Exchange. The company expects net proceeds of about $76.6 millionfrom the offering, which is expected to close on May 18. The retail-focused REIT plans to use the net proceeds torepay debt and for working capital purposes. The company has granted the underwriters a 30-day option topurchase up to an additional 3.75 million shares, and expectsnet proceeds of about $88.1 million if the option is exercisedin full.
The strategies employedby PSG allow plan sponsors to gain immediate control over their pharmacybenefit expenditures, while positioning their program to meet futurepharmacy benefit challenges.Contacts:Pharmaceutical Strategies Group800.687.4404Email ContactCopyright 2009, Market Wire, All rights reserved.-0-. May 13 (Reuters) - Real estate investment trust Kite RealtyGroup Trust's (KRG.N) public offering of 25 million shares waspriced at $3.20 a share, a discount of 20 percent to thestock's Tuesday closing price. PSG has appointed RobNoel, Practice Leader, Managed Care and Brian Wilson, FSA, MAA, PracticeLeader, Employers. Noel and Wilson will also lead an initiative to monitorand assess emerging changes in drug pricing practices including the futurediscontinuation of the Average Wholesale Price (AWP) index following alawsuit against AWP publisher, First DataBank. In addition, they will leada special initiative to meet the emerging needs of hospital systems.Additional staffing changes include the announcement of Kathryn LindhorstCanaday, PharmD, as Chief Clinical Officer; Jeff Legg, MS, RPh, as SeniorDirector of Consulting Services; Molly Breimhorst as Senior Director ofFinancial and Analytical Services; Duane McKinley, RPh, as Director ofAudit Services; and John Hines, MBA, as Director of Analytics.About Pharmaceutical Strategies GroupPSG assists plan sponsors in designing and managing programs that maximizethe value of pharmaceuticals in their population. As themarketplace evolves, PSG is also changing to foster timely, effective,industry-specific pharmacy benefit consulting services that help ourclients substantially lower their pharmacy costs while improving overallhealth outcomes."Included among the staffing changes are the addition of "Practice Leader"roles in which PSG consultants with expertise in specific market segmentswill lead consulting and industry education initiatives to support theunique needs for these complex market segments.