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GLG goes to court over Lehman US sale

London hedge fund GLG Partners has filed an objection in a New York court to the sale of Lehman Brothers' US broker-dealer assets to Barclays in an attempt to recover funds it is owed as a creditor.

The hedge fund filed the objection in an attempt to ensure the return of the "full amount" of cash that was transferred to Lehman's New York headquarters from its European subsidiary on the Friday night before the bank moved into bankruptcy protection.

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