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Barclays Settlement Lacks Key Information: LBHI

Law360 (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....
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