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Lehman to pay Barclays US$1.28b to settle suit

The pact would end six years of fighting between Barclays and the trustee

Published Sun, Jun 7, 2015 · 09:50 PM

New York

ONE of the longest-running legal fights from the financial crisis, rooted in the dismantling of Lehman Bros, is near an end.

The trustee overseeing the winding down of Lehman's brokerage unit said on Friday that the remaining estate would pay US$1.28 billion to settle a lawsuit filed by Barclays, the British bank that acquired the bulk of Lehman's North American brokerage business.

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