Barclays Plc challenged a ruling in its court fight with defunct brokerage Lehman Brothers Inc., saying that it has an "unconditional" right to $769 million that a federal judge denied and wants an additional $507 million in margin assets delivered immediately, Bloomberg News reported yesterday. The London-based bank, which bought Lehman Brothers Holdings Inc.'s North American business during the 2008 credit crisis, won as much as $5.5 billion in last month’s ruling. U.S. District Judge Katherine Forrest ordered brokerage liquidator James Giddens to pay money owed to Barclays and renounce his claim to margin assets that backed trading operations the bank took over from Lehman. Barclays now wants all of the remaining $1.3 billion in assets that are in dispute, according to an appeal to the U.S. Court of Appeals in Manhattan.
