Ex-Lehman CFO Says Barclays Gig Didn't Affect Sale

Law360, New York (April 29, 2010, 5:00 PM EDT) -- Former Lehman Brothers Holdings Inc. Chief Financial Officer Ian Lowitt has told a court that Barclays PLC extended a roughly $6 million job offer to him amid the New York investment bank's meltdown, nailing down a contract before a now-disputed sale of broker-dealer assets to Barclays was finalized.

Lowitt, who is now chief operating officer of Barclays Wealth Americas, testified Thursday in the U.S. Bankruptcy Court for the Southern District of New York that he received the offer just as Lehman was launching into bankruptcy filing...
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