Barclays Plc had “a right to walk away” from a 2008 deal to buy bankrupt Lehman Brothers Holdings Inc.’s brokerage unit and would have if certain assets had been left out, the U.K. bank’s top in-house lawyer said.
Barclays Plc sought assets it knew might be out of bounds when it bought Lehman Brothers Holdings Inc.’s brokerage after the investment bank’s collapse in 2008, according to a lawyer for the brokerage trustee.
Massey Energy Co., dealing with the death of 29 miners at one of its West Virginia coal mines, is being investigated by the FBI for possible bribery of state and federal inspectors, a person familiar with the probe said.
The trustee for Lehman Brothers Holdings Inc. ’s brokerage charged $12,600 to review documents outlining terms of its purchase by Barclays Plc , and now says he didn’t know what he was signing, according to a Barclays lawyer.
A trustee overseeing the liquidation of Bernard Madoff’s firm is near a “multibillion-dollar” settlement with the estate of Jeffry Picower, the longtime Madoff investor who drowned in his swimming pool last year, a bankruptcy judge said.