Lehman Buy Was Aboveboard: Barclays

By Nick Brown

Law360, New York (January 29, 2010, 6:34 PM ET) -- Barclays PLC objected Friday to attempts by Lehman Brothers Holdings Inc. to modify a sale agreement between the companies, rejecting as “frivolous” allegations that it acquired Lehman's assets in a fire sale and accusing the debtor of trying to avoid a contractual obligation to pay another $3 billion.

Barclays lodged a 325-page objection — along with eight volumes of appendices numbering thousands of pages — in the U.S. District Court for the Southern District of New York, saying its $45 billion purchase of Lehman's U.S. brokerage...
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