Lehman in fresh attack on BarCap

Lehman Brothers fired new allegations at Barclays Capital yesterday, saying the British investment bank got a $13bn (£8.5bn) “windfall” profit from its deal to buy Lehman’s US brokerage in September 2008. In documents filed in US bankruptcy court in Manhattan, Lehman claimed new evidence showed that, while Barclays said it had a “day one” accounting gain of $4.2bn on the Lehman acquisition, in reality it received a $13bn windfall “immediately upon acquisition.” Barclays spokesman Michael O’Looney disputed Lehman’s claims saying they had “no basis.”