Lehman to sell corporate trinkets

Lehman Brothers Holdings Inc has negotiated the return of thousands of Lehman-logoed knickknacks that were mistakenly transferred to Barclays Plc through the sale of the bankrupt securities firm's brokerage unit.

Tote bags, umbrellas, stress balls, Tiffany paperweights and other items now stored in closets and warehouses from New York to Chicago will be returned to Lehman and sold to pay creditors, according to a court filing on March 19. Lehman filed the largest bankruptcy in US history in September and has about $200 billion in unsecured liabilities left to pay, Chief Executive Officer Bryan Marsal said on Jan 28.

As part of the arrangement, Lehman is barred from trying to sell the objects to Barclays' employees, according to court papers.