Lehman, Lehman Brothers Europe agree in principle to resolve claims

By Caroline Salls

Pittsburgh, Sept. 16 - Lehman Brothers Holdings Inc. and Lehman Brothers International Europe have reached an agreement in principle resolving the claims among the two entities and some of their affiliates including Lehman Brothers Special Financing, according to a news release.

The company said no details were available about the agreement in principle Friday evening.

According to the release, the complex agreement incorporating this resolution is subject to documentation and various approvals, including bankruptcy court approval as part of Lehman's plan confirmation.

New York-based Lehman Brothers Holdings was the fourth-largest investment bank in the United States. The company filed for bankruptcy on Sept. 15, 2008 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 08-13555.

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