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Ruling from the bench Monday, Southern District Bankruptcy Judge James Peck denied Barclays’ claim to nearly $4 billion in disputed securities and liability offsets related to assets held on margin for customers of now-defunct Lehman Brothers Inc. He also awarded Lehman pre-judgment interest of 5 percent. “Today’s bench ruling brings finality to this issue by confirming that the $4 billion in Lehman cash and other margin assets belong to the Trustee,” William Maguire of Hughes Hubbard & Reed, counsel to Lehman trustee James Giddens of Hughes Hubbard, said in an e-mail.

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