The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's[LEHRG.UL] brokerage unit at the height of the 2008 financial crisis. The U.S. top court declined to hear an appeal filed by Lehman's creditors, leaving intact an August 2014 ruling by the 2nd U.S. Circuit Court of Appeals in New York that went in favor of Barclays. Barclays already had control of $3.5 billion of the disputed $4 billion. Trustee James Giddens has been seeking to recoup money for the brokerage's creditors, including Lehman affiliates and hedge funds.
By Lawrence Hurley WASHINGTON (Reuters) - The U.S. Supreme Court on Monday asked President Barack Obama's administration for its views on a lawsuit filed by Nebraska and Oklahoma against Colorado over its voter-approved law legalizing recreational marijuana use by adults. The Obama administration has allowed states to experiment with marijuana legalization even though the drug remains illegal under federal law. There is no deadline for the U.S. Justice Department to respond to the court's request. In their challenge to Colorado's law, Nebraska and Oklahoma said marijuana is being smuggled across their borders and that drugs threaten the health and safety of children.
LIVERMORE, Calif. (AP) — A car driven by a suspected drunken driver crashed into a Northern California apartment complex, killing a woman and her toddler and slightly injuring two other children as they all walked together outside, police said.