Reuters – Barclays Plc is entitled to about $6 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc.’s brokerage unit at the height of the 2008 financial crisis, a federal appeals court ruled.
Tuesday’s [Aug. 5] decision by the 2nd U.S. Circuit Court of Appeals in New York is a setback for the brokerage’s creditors, including Lehman affiliates and hedge funds, for whom the trustee James Giddens has been seeking to recoup money.
