Lehman Asks for Dismissal of Japanese Firm’s Claims

Charged with recovering money for the investment bank’s creditors, the Lehman estate is trying to trim hundreds of billions of dollars of claims that it says are invalid. The estate is also seeking to reclaim $11 billion of assets from Barclays Capital, the British bank that acquired the bulk of Lehman’s North American business days after it filed for bankruptcy. The estate claims that Barclays Capital improperly reaped a windfall that was hidden from the bankruptcy court as it negotiated the sale.