Judge Allows Lehman To Sell Assets To Barclays

Law360, New York (September 20, 2008, 12:00 AM EDT) -- The judge overseeing Lehman Brothers Holdings Inc.’s massive bankruptcy approved Lehman’s bid to sell its North American investment banking and capital markets business to Barclays Capital plc early Saturday morning, over objections claiming that too many details of the hastily arranged transaction still lacked clarity.

U.S. Bankruptcy Judge James M. Peck told a packed courtroom he would give the deal his blessing after a grueling 8-hour hearing that began Friday afternoon, saying that failing to approve the sale could have disastrous consequences for both the U.S....
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