Bloomberg News

Barclays Disputes Lehman Judge Ruling on $2.8 Billion in Assets

August 01, 2011

Aug. 1 (Bloomberg) -- Barclays Plc, which appealed a court order to return $2 billion in margin assets to Lehman Brothers Holdings Inc.’s bankrupt brokerage, asked a federal district judge to decide whether U.S. Bankruptcy Judge James Peck also erred in ruling that the U.K. bank had “only a conditional right” to $769 million in securities in a reserve account, or similar assets, according to a July 29 filing.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: David E. Rovella at drovella@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus