Lehman Brothers lost a lawsuit against Barclays for 11 billion dollars

Bankrupt U.S. bank Lehman Brothers lost the claim to the British bank Barclays for 11 billion dollars. On it informs BBC News. Thus, lawyers Lehman could not sue the British compensation for its North American brokerage unit, which in September 2008 it was sold to Barclays for 1.85 billion dollars. In 2009, representatives of Lehman Brothers said the deal to sell division of Barclays has been done in a way that the British bank was able to get a windfall from the deal at $ 11 billion. As a result, Lehman Brothers asked the court to reconsider the terms of sale and get Barclays to return those profits. The judge, consider a claim of Lehman Brothers in bankruptcy court in New York, said that the deal to sell the assets was "imperfect" but "appropriate" given the circumstances in which it was conducted. Bank Lehman Brothers filed for bankruptcy on Sept. 15, 2008 after it became clear that the institution insolvent, while foreign buyers were unable to agree with him on the terms of the transaction. The bankruptcy of Lehman, provoked the lack of liquidity and a huge amount of poor-quality assets, became the largest in U.S. history and led to the acute phase of the global crisis. Part of the assets and property of the bank in the U.S. get their hands on Barclays. On January 2011 the total amount of claims of creditors to Lehman Brothers amounted to 369 billion. In this case, the liquidators Lehman Brothers expect that the courts allow creditors to demand from the bank 322 billion dollars. In the coming year, Lehman Brothers intends to pay its creditors about $ 60 billion. Source: Lenta.ru