Lehman Creditors, Barclays Spar Over Atty Privilege

Law360, New York (December 8, 2009, 5:21 PM EST) -- Creditors of Lehman Brothers Holdings Inc. are fighting a bid by Barclays Capital Inc. to look at communications between the creditors and their attorneys, as Barclays defends itself against accusations that it reaped an undisclosed $5 billion discount for the investment bank.

“Barclays seeks extraordinary relief — a finding that the committee waived sacrosanct privileges and protections that provide the foundation for effective client representation,” the official committee of Lehman's unsecured creditors said in a motion filed Monday in the U.S. Bankruptcy Court for the Southern...
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