AIG Agrees To $9M Lehman Derivatives Swap Deal

Law360, New York (March 22, 2010, 7:00 PM EDT) -- AIG Markets Inc. has agreed to pay the financing arm of Lehman Brothers Holdings Inc. the $9.1 million it owes under a 2004 swap agreement, ending Lehman's push to force AIG into compliance with the deal.

Lehman and AIG filed a joint stipulation Friday in the U.S. Bankruptcy Court for the Southern District of New York, saying Lehman would end its bid to compel AIG to pay up if AIG agreed to be bound by November 2008 procedures for the assumption and assignment of the 125...
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