Court says Lehman can investigate Barclays sale

NEW YORK, June 25 - A U.S. bankruptcy court judge on Thursday gave Lehman Brothers Holdings Inc. <LEHMQ.PK> the right to investigate the details of the sale of its broker-dealer unit to Barclays <BARC.L> last year.

In court documents, the judge granted Lehman's request and said that Barclays must respond to requests for information and appear for oral depositions.

A hearing on the matter was held on Wednesday.

Shortly after filing for bankruptcy in September, Lehman sold its North American broker-dealer business to Britain-based Barclays for $1.175 billion.

In May, Lehman said it had become aware of discrepancies related to the sale which may have cost the Lehman estate "billions of dollars" and asked the judge for permission to investigate.

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