Barclays, LBHI Seek To Delay Payments In Assets Fight

Law360, New York (July 13, 2011, 7:14 PM EDT) -- Barclays PLC and the trustee overseeing the liquidation of Lehman Brothers Holdings Inc. asked a New York bankruptcy judge Tuesday to delay paying each other billions of dollars in disputed assets over the sale of Lehman's brokerage arm until an appeal was resolved.

The disputed assets include $1.9 billion in so-called clearance-box assets that U.S. Bankruptcy Judge James M. Peck said Lehman must pay to Barclays, and about $2 billion in so-called margin assets related to exchange-traded derivatives that Barclays must hand over to Lehman....
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