Lehman Appeals Barclays' $13B 'Windfall'

Law360, New York (July 29, 2011, 7:32 PM EDT) -- Lehman Brothers Holdings Inc. said Thursday it would appeal an order allowing Barclays Capital Inc. to take a $13 billion “windfall” on discounted assets it bought from the defunct financial giant in the wake of its bankruptcy filing in New York.

Lehman said in a brief notice that it would ask a district court to take up its long-running fight to have the alleged windfall returned.

Litigation over the asset sale has attracted attention not just because of the amount of money at stake, but because...
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