Barclays Settlement Lacks Key Information: LBHI

Law360, New York (February 9, 2009, 12:00 AM EST) -- Lehman Brothers Holdings Inc. has filed a limited objection to a settlement pact under which its unit Lehman Brothers Inc. could pay Barclays Capital Inc. about $221 million, saying it shouldn't be approved unless the trustee in charge of the broker-dealer's liquidation can show that the deal is reasonable.

LBHI lodged the motion in the U.S. Bankruptcy Court for the Southern District of New York on Friday in response to a Jan. 22 motion seeking court approval of the settlement, which was filed by James W....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.