Lehman Brothers Agrees To $1 Billion Settlement With Bermuda Affiliates

NEW YORK - Lehman Brothers Holding Co. Inc. on Feb. 28 agreed to a $1 billion settlement that resolves $2.3 billion in claims brought by the closed bank's affiliates based in Bermuda, according to a brief the bank filed in a New York bankruptcy court (In re: Lehman Brothers Holding Inc. et al, No. 08-13555, Chapter 11, S.D. Bkcy.; See February 2012, Page 6). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com