Potter Anderson Serves as Delaware Counsel to Barclays

Potter Anderson & Corroon LLP served as Delaware counsel to Barclays in connection with its purchase of certain assets from Lehman Brothers North American investment banking and capital markets businesses.  Barclays will acquire trading assets with a current estimated value of $72 billion and trading liabilities with a current estimated value of $68 billion for a cash consideration of $250 million. Barclays will also acquire the New York headquarters of Lehman Brothers as well as its two data centers. Cleary Gottleib Steen & Hamilton LLP retained Potter Anderson on behalf of Barclays.  Attorneys working on the deal included Donald J. Wolfe Jr., Michael B. Tumas and Scott E. Waxman.