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.
A New York bankruptcy judge yesterday approved that Barclays Capital be paid nearly $1.3bn 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. $1.87bn for the dispute.