DTCC Atty Mum On Barclays-Lehman Deal Pressure

Law360, New York (May 6, 2010, 6:43 PM EDT) -- A lawyer for the Depository Trust & Clearing Corp. — which is at the heart of the securities trading business — remained tight-lipped Thursday on whether the organization was concerned about being blamed for financial disaster if it stood in the way of Lehman Brothers Holdings Inc.’s controversial asset sale to Barclays PLC.

Isaac Montal, assistant to the general counsel for the DTCC, which provides clearing and settlement services for securities trades, testified in the U.S. Bankruptcy Court for the Southern District of New York that...
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