Lehman transfers were above board, Barclays tells court

11/30/2010 | Bloomberg

Barclays was within its rights to transfer $1.3 billion from Lehman Bros. as part of its 2008 takeover of the company's brokerage business, the bank told a bankruptcy court this week. In court filings, Barclays asked the court to throw out a Securities and Exchange Commission claim that the bank's transfer violated the law by increasing the deficit in Lehman's accounts.

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