Lehman Trustee Asks Court To Reconsider Barclays Ruling

Mani

Published onAugust 22, 2014

Updated on May 13, 2021

The trustee unwinding Lehman Brothers Holdings Inc Plan Trust (OTCMKTS:LEHMQ) on Tuesday asked a U.S. court to reconsider its ruling affirming Barclays PLC (NYSE:BCS) (LON:BARC)’s right to billions of dollars in disputed assets.

A lawyer for the trustee, James W. Giddens, said the decision enhances Barclays PLC (NYSE:BCS) (LON:BARC)’s gain from its purchase of Lehman’s brokerage in a 2008 bankruptcy court sale.

Barclays entitled to contested assets

As reported, earlier this month a federal appeals court affirmed Barclays PLC...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Lehman Trustee Asks Court To Reconsider Barclays Ruling

Barclays entitled to contested assets

Login required to continue reading.

Get Your Business News