Cementing a victory for Barclays PLC and its lawyers at Boies, Schiller & Flexner, the U.S. Supreme Court on Monday cleared the way for Barclays to keep some $4 billion in a long-running asset dispute stemming from the bank’s frenzied 2008 buyout of Lehman Brothers’ brokerage business, the AmLaw Litigation Daily reported.
The court’s decision should result in the bank receiving “all of the Lehman assets that it purchased in good faith in the crisis,” Boies, Schiller & Flexner Managing Partner Jonathan Schiller told the publication.