Bloomberg News

Lehman Defers Plan to Slash $37 Billion in Trustee Claims

February 03, 2012

Jan. 25 (Bloomberg) -- Lehman Brothers Holdings Inc. deferred a plan to slash $37 billion in claims filed by indenture trustees for mortgage securities after Citigroup Inc., Deutsche Bank AG and other trustees faulted a proposed estimate of the claims at $2.4 billion.

Lehman adjourned a hearing on claims by some trustees and withdrew its proposals for others, according to a court filing yesterday.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Charles Carter at ccarter12@bloomberg.net


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