Syncora Holdings Ltd (fka SYCRF)

[InvestorPM]

This came out in July

HAMILTON, Bermuda, July 22, 2016 /PRNewswire/ – Syncora Holdings Ltd. ("SHL" or the "Company") today announced that its wholly owned, New York financial guarantee insurance subsidiary, Syncora Guarantee Inc. ("SGI"), has reached an agreement in principle for the settlement of its sole existing claim and related litigation with Lehman Brothers Holdings Inc. and Structured Asset Securities Corporation ("Sasco"). If consummated, the terms of the settlement will resolve all claims in respect of SGI's proof of claim filed on January 13, 2010, against Lehman Brothers Holdings Inc. and Sasco in the United States Bankruptcy Court for the Southern District of New York, relating to the GreenPoint Mortgage Funding Trust 2006-HE1 transaction, in return for an allowed unsecured claim of $37 million in the Lehman bankruptcy estate.