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Lehman trustee and Citi resolve battle over $1 billion
The trustee for Lehman Brothers Holdings has forged a deal with Citigroup to distribute $435 million to the failed brokerage's creditors and customers, according to a settlement filed in U.S. Bankruptcy Court in Manhattan. The week it filed for bankruptcy protection, Lehman deposited more than $1 billion at the bank. The settlement could be approved at a Dec. 12 hearing.
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