Lehman Creditors Ask To Curb Probe Of Barclays Sale

Law360, New York (July 2, 2009, 12:00 AM EDT) -- Concerned about costs, the official committee of unsecured creditors in the Lehman Brothers Holdings Inc. bankruptcy has asked a judge to direct an independent examiner investigating the sale of brokerage operations to Barclays Capital PLC to keep focused on narrow questions concerning the transaction.

The creditors committee filed its motion on Wednesday in the U.S. Bankruptcy Court for the Southern District of New York asking the judge to reiterate the scope of the examiner’s duties — which the creditors described as crafted to “minimize duplication of...
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