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Lehman Throws Support Behind RMBS Settlement

Law360, New York (July 3, 2017, 5:29 PM EDT) -- Lehman Brothers Holdings Inc. urged a New York bankruptcy court on Friday to approve a grand bargain to end claims over billions of dollars' worth of dud financial-crisis-era mortgage-backed securities that it sold to investors who were left holding them after the bank's failure.

If a judge approves the motion at a hearing on Thursday, it will yield a multiweek estimation proceeding in coming months that will resolve billions of dollars' worth of claims for repurchase of MBS that lost value in the financial crisis....
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