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4 months ago
BRIEF-Federal Home Loan Bank Of New York reaches an agreement in case relating to 2008 Lehman Brothers
April 12, 2017 / 8:40 PM / 4 months ago

BRIEF-Federal Home Loan Bank Of New York reaches an agreement in case relating to 2008 Lehman Brothers

April 12 (Reuters) - Federal Home Loan Bank Of New York :

* Federal Home Loan Bank Of New York says reached an agreement in principle to settle all claims pending in United States bankruptcy court in case relating to 2008 Lehman Brothers

* Federal Home Loan Bank Of New York says settlement provides that bank will pay $70 million to Lehman Bankruptcy estate

* Federal Home Loan Bank Of New York says bank has sufficient retained earnings to cover settlement Source text:(bit.ly/2p9H6s9) Further company coverage:

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