Lehman Alleges Barclays Paid Less For NA Deal

Lehman Brothers has claimed that it received less payment from Barclays for its North American business in 2008.

Lehman Brothers has claimed that it received less payment from Barclays for its North American business in 2008, Bloomberg reports. Barclays is accused of spending $500 million less on bonuses for former Lehman employees than it should have. Lehman, which failed to recover an alleged $11 billion windfall from London-based Barclays, has requested a judge to ask the U.K. bank to pay the money to the estate as a form of damages. As per Barclays, the $2 billion in bonuses mentioned in the sale documents was an estimate that included severance payments.

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