Lehman Brothers Holdings Inc.'s brokerage is asking a U.S. court to reconsider its ruling affirming Barclays PLC's right to billions of dollars in disputed assets, saying that the decision throws into question the integrity of bankruptcy sales, the Wall Street Journal reported today. The trustee unwinding the brokerage, Lehman Brothers Inc., on Tuesday asked the U.S. Court of Appeals for the Second Circuit for a new hearing before the entire bench of judges rather than a three-judge panel. Lawyers for the trustee, James W. Giddens, said that the decision increases Barclays' gain from its purchase of Lehman's brokerage in a 2008 bankruptcy court sale and will cut into the money that is available to pay the brokerage's creditors.
