State Street, Lehman Reach Deal On Loan Repurchases

Law360, New York (August 8, 2011, 6:35 PM EDT) -- State Street Corp. said in a Friday regulatory filing that it had reached a deal with bankrupt investment bank Lehman Brothers Holdings Inc. on claims related to potentially hundreds of millions of dollars of loan repurchases.

State Street's 10-Q filing with the U.S. Securities and Exchange Commission did not specify either the size of the settlement or the settled adversary proceeding, merely stating that the Boston-based custodial bank reached a deal after June 30. On July 15, the two companies filed a settlement agreement in New...
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