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NEW YORK (

TheStreet

) -- A bankruptcy judge has thrown out a lawsuit by trustees for

Lehman Brothers Holdings

that argued they were owed $11 billion from

Barclays

(BCS) - Get Barclays Plc Report

' 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

Bloomberg

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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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