Barclays-Lehman Disputes Over Brokerage May Continue
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Barclays Plc said disputes over an $11 billion profit it allegedly made buying bankrupt Lehman Brothers Holdings Inc.’s brokerage may not all be resolved in a current trial and might need “further adjudication.”
Barclays is awaiting a verdict from a U.S. bankruptcy judge on whether it owes money to Lehman or the brokerage trustee, or whether it will get the $3 billion it says it’s owed. The assets were at issue in more than 30 days of court testimony at a nonjury trial that ended in October.