Barclays Seeks Assets From 2008 Lehman Buy

Law360, New York (April 29, 2011, 5:15 PM EDT) -- Barclays PLC asked a New York bankruptcy court on Thursday to clarify which assets to which the bank was entitled as a result of its 2008 purchase of Lehman Brothers Holdings Inc.'s North American brokerage wing.

Barclays bought a large portion of Lehman, once the world's fourth-largest investment bank, just days after Lehman filed the largest Chapter 11 case in history in September 2008, listing assets of $639 billion and debts of $613 billion.

Barclays and Lehman trustee James W. Giddens have been battling over how...
To view the full article, register now.