Lehmans sues Barclays for $500m over unpaid bonuses

Lehman wrote a letter to US bankruptcy Judge James Peck saying an opinion he wrote in February showed Barclays "breached its bonus payment obligations." The letter was filed in U.S. Bankruptcy Court in Manhattan on 29 April, according to Bloomberg. Barclays has said it paid the full $2bn it promised, including non-bonus compensation. Peck issued the February opinion in a lawsuit that Lehman lost seeking $11bn from Barclays over the deal. Peck's ruling, which followed a trial with more than 30 days of testimony, exonerated Barclays from having contrived to make a "windfall" on th...