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Lehman Europe Says Trustee Shortchanged It By $7B

By Carolina Bolado

Law360, New York (February 27, 2012, 11:21 PM ET) -- The European brokerage arm of Lehman Brothers Holdings Inc. on Friday again blasted the $8 billion claim allowed by the trustee overseeing the liquidation of the failed investment bank's U.S. brokerage and said its customers are owed at least $7 billion more.

In papers filed in the U.S. Bankruptcy Court for the Southern District of New York, Lehman Brothers Inc. Europe said Lehman Brothers Inc. trustee James W. Giddens had erred in commingling LBIE's $9 billion house claim and the $15 billion LBIE is claiming on...

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