Lehman Trustee Asks Court To Reconsider Barclays Ruling

The trustee unwinding Lehman Brothers Holdings Inc Plan Trust (OTCMKTS:LEHMQ) on Tuesday asked a U.S. court to reconsider its ruling affirming Barclays PLC (NYSE:BCS) (LON:BARC)’s right to billions of dollars in disputed assets. A lawyer for the trustee, James W. Giddens, said the decision enhances Barclays PLC (NYSE:BCS) (LON:BARC)’s gain from its purchase of Lehman’s brokerage in a 2008 bankruptcy court sale. Barclays entitled to contested assets As reported, earlier this month a federal appeals court affirmed Barclays PLC (NYSE:BCS) (LON:BARC)’s right to billions in assets when it speedily purchased Lehman Brothers following its collapse in 2008. At issue between…