Lehman To Pay $104M In Derivs Dispute

Lehman Brothers has agreed to pay $104 million to investors to settle a derivatives dispute.

Lehman Brothers has agreed to pay $104 million to investors to settle a derivatives dispute, Bloomberg reports. The bankrupt lender will pay holders of credit-linked notes issued by Mahogany Capital.

The payout was agreed in a settlement between Lehman’s liquidator and the Australian trustee of the notes, Perpetual Trustee, adds National Business Review. A Lehman entity, called Saphir Finance, sold $128.2 million in the two series of Mahogany notes to Australian investors

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