Fed Lacked Details When It Backed Lehman Sale: Atty

Law360, New York (September 7, 2010, 6:21 PM EDT) -- The Federal Reserve Bank of New York threw its support behind Barclays PLC before all the details became clear in the bank’s acquisition of bankrupt Lehman Brothers Holdings Inc.’s broker-dealer assets, a lawyer for the Fed told a court Tuesday.

Shari D. Leventhal, assistant general counsel for the Federal Reserve Bank of New York, testified in the U.S. Bankruptcy Court for the Southern District of New York as one of a few remaining fact witnesses in Barclays’ effort to disprove accusations that it landed an unfair...
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