The decision by the appeals court over Jonathan Hoffman's claim concludes a decade-long legal battle

Bureau Chief, Bankruptcy

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, 

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.

Lehman trader not entitled to bulk of $83m bonus, court rules

Ex-Lehman trader not entitled to bulk of $83m bonus, court rules

Andrew Scurria

Barclays

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