2nd Circ. Favors Barclays In $6B Lehman Collateral Fight
A unanimous panel upheld U.S. District Judge Katherine B. Forrest’s interpretation of the complicated contracts surrounding Barclays’ 2008 deal for LBI, which was hastily pushed through amid widespread market panic in the aftermath of the collapse of its parent Lehman Brothers Holdings Inc.
The decision ends a long battle between...
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