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Lehman Bankruptcy Estate, Home Loan Bank Settle For $70M

By Melissa Daniels ( April 12, 2017, 10:34 PM EDT) -- The Federal Home Loan Bank of New York on Tuesday announced it has agreed to a $70 million midtrial settlement with Lehman Brothers Holdings Inc., ending an adversary proceeding over Lehman claims that it suffered $115 million in losses when FHLB undervalued numerous interest rate swaps that went belly up after the investment bank collapsed in 2008....

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