Lehman Bros bonus case fails

A bankruptcy judge has denied Lehman Brothers Holdings’ attempt to recover $500m (£317m) it alleges was supposed to go toward employee bonuses from Barclays. Lehman had said Barclays never gave the money to the employees and should send it back to Lehman for the benefit of Lehman's creditors. Wednesday's ruling is the latest instance of validation for Barclays, which bought Lehman’s North American business in 2008 following the collapse of the firm.