Barclays Reaped 'Load' In Lehman Assets Deal: CFO

Law360, New York (April 30, 2010, 3:17 PM EDT) -- A Barclays PLC executive testified Friday that his firm pocketed a “load” of quick gains on stock holdings it received through its purchase of bankrupt Lehman Brothers Holdings Inc.’s investment banking assets, but he said he could not specify an amount.

Patrick Clackson, chief financial officer of Barclays’ corporate, investment banking and wealth management divisions, faced questions from attorneys Friday in the U.S. Bankruptcy Court for the Southern District of New York trial over the now-disputed Lehman sale.

Lehman's estate and other parties have argued that...
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