Lehman Says Barclays Fell Short Of $2B Bonus Promise

Law360, New York (May 2, 2011, 6:45 PM EDT) -- Lehman Brothers Holdings Inc. said Friday it would seek a New York bankruptcy court ruling that Barclays PLC breached an agreement to pay $2 billion in bonuses owed to ex-Lehman employees who transferred when the U.K. bank bought a large chunk of the defunct investment firm.

Jones Day attorneys for Lehman told U.S. Bankruptcy Judge James M. Peck in a letter that the company would seek summary judgment on its claim that Barclays fell $500 million short of the full bonus payout it owed after buying...
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