A federal appeals court refused to let an ex-Lehman Brothers bond trader collect the bulk of an $83m "double dip" for bonuses he claimed he was owed in the defunct broker-dealer's liquidation, MarketWatch reports.
The Second Circuit Court of Appeals on Thursday affirmed a bankruptcy court's ruling that former top trader Jonathan Hoffman's claim for $75.3m in compensation from Lehman was extinguished when he was paid that amount by Barclays, where he went to work following Lehman's 2008 collapse.
