NEW YORK—A judge on Monday approved a settlement in the long-running legal fight between Lehman Brothers Inc. and Barclays PLC, punctuating one of the more intriguing sagas of Lehman’s collapse and its aftermath. Judge Shelley C. Chapman of U.S. Bankruptcy Court in Manhattan said the deal, which calls for Lehman to pay Barclays $1.28 billion for so-called margin assets tied to Barclays’s purchase of Lehman’s brokerage business in...
A New York bankruptcy judge yesterday approved that Barclays Capital be paid 1.87bn by Lehman Brothers to resolve a dispute that has been running since 2010. The judge stated that it was fair and reasonable under the circumstances as it would free up about $580mn to Lehman creditors since Lehman had set aside c. $nearly $1.3bn for the dispute.