Barclays Wins Ruling Against Lehman in Fight Over Bonuses

Barclays Plc defeated a bid by Lehman Brothers Holdings Inc. to recover $500 million from the British bank in a dispute over the bankruptcy sale of Lehman operations in 2008.

Lehman said Barclays was required to pay $2 billion in employee bonuses as part of the acquisition and paid only $1.5 billion. U.S. Bankruptcy Judge James Peck in Manhattan ruled against Lehman in a decision filed today, calling Lehman’s claims “baseless.”