Metavante, Lehman Settle $7M Claim Over Swap Deal

Law360, New York (March 18, 2010, 7:49 PM EDT) -- Banking industry technology provider Metavante Corp. has reached a settlement with a derivative arm of Lehman Brothers Holdings Inc. in a dispute over a swap contract, following Metavante’s appeal of a finding that it owed more than $6.6 million under the deal.

Judge Jed S. Rakoff issued an order Wednesday in the U.S. District Court for the Southern District of New York remanding the case to the district’s bankruptcy court for approval of the agreement, which was not described in court documents. A hearing on the...
To view the full article, register now.