Lehman Creditors Fight Barclays Over $45B Asset Sale

Law360, New York (March 19, 2010, 6:33 PM EDT) -- Unsecured creditors in the Lehman Brothers Holdings Inc. bankruptcy have accused Barclays PLC of knowingly ripping off the struggling investment banking firm when it entered into a deal to buy Lehman’s brokerage business for $45 billion, responding to Barclays' objections to a bid to modify the deal.

The official committee of unsecured creditors on Thursday filed its 160-page response to Barclays’ whopping 325-page objection in the U.S. Bankruptcy Court for the Southern District of New York, contending that Barclays did not disclose its knowledge of the...
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