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WaS

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Alias Born 07/23/2008

WaS

Re: Bus post# 149609

Wednesday, 02/10/2010 7:17:46 PM

Wednesday, February 10, 2010 7:17:46 PM

Post# of 735083
This "settlement" had nothing to do with the additional goods Barclay's stole and lied to the court about as exposed in 2004 discovery.

It dealt with loan issues pre-sale so these assets were transferred TO Barclays, not from Barclays TO Lehman.

"According to court papers, the $7 billion in cash and securities stemmed from a sum Barclay's had expected to receive after loaning $45 billion to the Lehman brokerage business on September 18, two days before the court approved its purchase of the unit...

Barclays had expected $49.7 billion to be returned to it from Lehman as part of its loan, but only $42.7 billion could be transferred before the court ordered the liquidation of Lehman's brokerage business."

As you can see, Barclays filed a motion to have the lawsuit in question tossed out on January 29th.

http://www.scribd.com/doc/26023812/Barclays-Defense-in-Lehman-Brothers-Estate-Lawsuit

This article mentioning a settlement was posted on 12/22.

http://uk.reuters.com/article/idUKTRE4BL3UM20081222

Two completely different animals.

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