Judge might let Lehman pursue $11 billion from Barclays

04/9/2010 | Bloomberg

Bankruptcy Judge James Peck will consider whether Lehman Bros. can pursue recovering a reported $11 billion from Barclays. The claim stems from Barclays' purchase of Lehman's North American brokerage. "The judge has to somehow protect the idea of a sale order," said Lynn LoPucki, a law professor at the University of California, Los Angeles. "If Lehman can get a review, General Motors or Chrysler could come in and set aside the sales that made them into post-bankruptcy companies. You're messing with the primal forces of nature here."

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