Koevary Quoted in a Law360 Article on Settlement between Lehman Brothers and Barclays Capital

Firm News

Bankruptcy & Financial Restructuring attorney Jonathan Koevary was quoted in a Law360 article on the recent settlement between Lehman Brothers Inc. and Barclays Capital Inc. The trustee for Lehman Brothers Inc. has agreed to pay nearly $1.3 billion to resolve litigation with Barclays Capital Inc. over the sale of the investment bank's brokerage business. The settlement, which must be approved by a bankruptcy judge, resolves all outstanding legal claims between LBI and Barclays and would end six years of litigation between the parties.  Koevary noted “With nearly $600 million in distributions held up and nothing seeming to go the trustee’s way, the writing was more or less on the wall and to save $80 million for the estate to resolve their issues with Barclays at this late stage strikes me as fair.”

Media Contact

Marketing Contact
Mizi Mehaj
Marketing & Administrative Manager
mmehaj@olshanlaw.com
212.451.2319


Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.