Lehman seeks $500 million from Barclays in bonus dispute

Lehman Brothers Holdings Inc. is claiming $500 million from Barclays Plc for allegedly failing to pay all of the bonuses the U.K. bank agreed to when it bought the defunct investment firm’s North American business. Lehman wrote a letter to U.S. Bankruptcy Judge James Peck saying an opinion he wrote in February showed that Barclays “breached its bonus payment obligations.” The letter was filed in U.S. Bankruptcy Court in Manhattan on April 29. Barclays has said it paid the full $2 billion it promised, including non-bonus compensation. Peck issued the February opinion in a lawsuit that Lehman lost seeking $11 billion from Barclays over the deal.

Most Popular Articles

Latest Articles

Wendy Forsythe joins eXp Realty as chief marketing officer 

Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. On Thursday, the firm announced that Forsythe was joining eXp as its new chief marketing officer. According to the release, in this role, Forsythe will be responsible for building the firm’s marketing strategies and global initiatives, working to expand the […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please