Pursuits
Barclays, Kissel, NYSE, Deutsche Bank in Court News
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Lehman Brothers Holdings Inc. lost a bid to recover an alleged $11 billion “windfall” from Barclays Plc’s purchase of its defunct brokerage unit when a judge ruled the transaction was fair.
Barclays stands to get at least $800 million of the $3 billion it wanted, and may get a similar amount later, according to a ruling yesterday by U.S. Bankruptcy Judge James Peck in Manhattan and previous court filings.