Lehman wants to know if Barclays paid it fairly

Bankrupt Lehman Brothers Holdings Inc is seeking court permission to look into whether it was adequately compensated by Barclays Plc for its North American broker-dealer business, its New York headquarters and other property, which were sold $1.75 billion last September, several days after it filed for bankruptcy protection.

According to documents filed in the U.S. Bankruptcy Court in Manhattan Lehman "has become aware of apparent material discrepancies relating to the liabilities Barclays was to assume”.As it was stated in the filing, those discrepancies, which "may have resulted in a windfall to Barclays at the expense of the estate" in an amount that could reach into the "billions of dollars," include Barclay’s employee bonuses payment liability and the obligation to transfer some assets during a week after negotiation with Barclays has taken place. 

Additionally to that, Lehman is seeking for court permission to transfer some assets, obligations and responsibilities to companies, which are formed by former Lehman’s employees, explaining that they are "uniquely suited to manage the funds because of their intimate knowledge."

In court documents filed on Friday there is also Lehman’s remark that "the expense of maintaining the assets and liabilities itself, would exceed the benefit of doing so."

A court hearing will be held on June 24, as it said in court papers.