The Morning Wrap

Expensive Bankruptcy: The estate of Lehman Brothers Holdings Inc. has paid more than $2 billion in fees and expenses to professionals including almost $500 million to Weil, Gotshal & Manges, where partner Harvey Miller has guided the company through the biggest-ever U.S. bankruptcy, Bloomberg reports. FISC Reprimand: The National Security Agency for almost three years searched a massive database of Americans' phone call records in violation of court-approved privacy rules, and was strongly rebuked by Judge Reggie Walton, who serves on the Foreign Intelligence Surveillance Court, The Washington Post reports. New Plan: President Obama in a speech last night said he would hold off on military action for now and pursue a Russian proposal for international monitors to take over and destroy Syria's arsenal of chemical weapons, The New York Times reports. NY Mayor's Race: New York mayoral candidate Bill de Blasio finished first in the city's Democratic mayoral primary. Meanwhile, Anthony Weiner's sexting partner (and newly minted porn star), Sydney Leathers, crashed Weiner's campaign party, plus Weiner gave reporters the finger as he drove away, CNN reports. Gaga's Going to Trial: A onetime roommate and friend of Lady Gaga who claimed after serving as her personal assistant for more than a year that the pop singer cheated her out of overtime wages can tell her story to a jury in November, a judge said Tuesday, according to the Associated Press.

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