Lehman, Danske Bank End $1B Claims Feud Over Loans

Law360, New York (October 27, 2011, 6:43 PM EDT) -- Lehman Brothers Holdings Inc. said Wednesday it won support for its liquidation plan from Danske Bank A/S after it agreed to allow the Denmark-based bank to make $1.16 billion in claims related to repurchased real estate loans.

The defunct investment bank asked a New York bankruptcy court to approve the settlement, which resolved what had been more than $1.4 billion in claims that Danske Bank originally made after Lehman filed for bankruptcy protection in October 2008.

It's the latest deal to materialize as Lehman seeks to...
To view the full article, register now.