Barclays Plc on Friday settled a long-running lawsuit by the trustee liquidating Lehman Brothers Holdings Inc.’s brokerage unit, which arose from the bank's purchase of much of that unit at the height of the 2008 global financial crisis, Reuters reported. Trustee James Giddens said that the unit, Lehman Brothers Inc., will pay Barclays about $1.28 billion, largely representing the value of margin assets not previously paid to the British bank, plus interest. As a result, Barclays said that it will have recouped all but $80 million still in dispute, plus $255 million tied to derivative investments that it expects to receive from third parties. The settlement would end six years of litigation by Giddens to recoup various assets he said totaled more than $7.6 billion.
