NEW YORK (
) -- A bankruptcy judge has thrown out a lawsuit by trustees for
Lehman Brothers Holdings
that argued they were owed $11 billion from
' purchase of the defunct firm's brokerage arm.
U.S. Bankruptcy Judge James Peck also agreed Barclays had a right to some assets that were distributed at the last-minute, according to
The trustee liquidating the remaining assets in Lehman's brokerage had claimed Barclays owed Lehman Brothers at least $7 billion. Barclays bought the company's brokerage in 2008 financial crisis right after Lehman filed for bankruptcy.
--Written by Maria Woehr in New York.
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