Lehman Brothers Holdings wants to investigate whether the sale of its US brokerage unit to Barclays Capital was undervalued, resulting in a “windfall” to the UK bank of possibly billions of dollars. In a court filing Monday, lawyers for Lehman Brothers Holdings cited “apparent material discrepancies” relating to Barclays’ obligation to pay employee bonuses and contract cure amounts, which affected the sale price, and asset transfers related to repurchase agreements in the week the sale was negotiated.

This entry was posted by Gwen Robinson on Tuesday, May 19th, 2009 at 5:00 and is filed under Capital markets, M&A. Tagged with barclays, Lehman Brothers. Edit this entry.