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Phantom_Trader

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Phantom_Trader

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Wednesday, 03/10/2010 11:14:48 PM

Wednesday, March 10, 2010 11:14:48 PM

Post# of 17499
Lehman Seeks to Speed $5 Billion Lawsuit Against Barclays Share
By Linda Sandler

March 10 (Bloomberg) -- Lehman Brothers Holdings Inc. asked a bankruptcy judge to help “streamline” its $5 billion lawsuit against Barclays Plc by deeming some of the facts to be undisputed, according to court filings today.

Lehman, the investment bank liquidating in bankruptcy, sued London-based Barclays in November seeking the return of a $5 billion “windfall” it alleged was made buying Lehman’s brokerage. Barclays disputed that, saying it was owed $3 billion on the deal.

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

Last Updated: March 10, 2010 17:25 EST

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