Lehman Preferred Series "J" Preferred (fka LEHJQ)

[DJN]

Lehman, Hong Kong Liquidators Resolve Claims

Lehman Brothers Holdings Inc. (LEHMQ) and the liquidators for Lehman Hong Kong reached an agreement settling all intercompany claims between the U.S. debtors and Lehman Hong Kong.

The agreement, which is subject to approval in the U.S. Chapter 11 and Hong Kong proceedings later this year, settles more than $20 billion of complex intercompany relationships between Lehman’s U.S. debtors and nine Hong Kong entities in liquidation.

http://www.bloomberg.com/news/2011-08-03/lehman-hong-kong-liquidators-resolve-claims.html