Lehman Wins Greenlight For Settlement With Swiss Unit

Law360, New York (April 24, 2013, 6:45 PM EDT) -- A New York federal judge on Wednesday approved a settlement that resolved a sprawling four-year tussle between Lehman Brothers Holdings Inc. and its former Swiss subsidiary, closing the chapter on one of the biggest claims disputes that has beset the erstwhile investment banking giant since it slid into bankruptcy.

U.S. District Judge James M. Peck approved the settlement between Lehman Brothers and its Swiss unit Lehman Brothers Finance SA, a spokeswoman for Weil Gotshal & Manges LLP, counsel for Lehman Brothers, confirmed Wednesday. The deal will...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Lehman Brothers Holdings Inc.


Case Number

1:08-bk-13555

Court

New York Southern

Nature of Suit

Date Filed

September 15, 2008

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.