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Lehman Trustees Bid to Allocate Funds Draws Protest

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The trustee winding down Lehman Brothers' broker-dealer business is facing opposition from Barclays PLC to his plan to allocate more than $15 billion to the unit's customers, Dow Jones Daily Bankruptcy Review reported today. Lehman trustee James Giddens and Barclays have been fighting over more than $5 billion in assets for years. Barclays says that it acquired the assets when it bought Lehman's broker-dealer unit in September 2008.