Oct 13

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Blog Post: Citibank's $1.74B Settlement With Lehman Bros. OK'd By Court

by Anonymous

Citibank NA's agreement to return $1.74 billion to the Lehman Brothers estate and cut short a trial over closeout calculations for derivatives trades that went into default after Lehman's collapse is sealed, as the New York bankruptcy judge who oversaw the monthslong trial happily signed the deal on Friday.
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