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LBHI Seeks Approval of Settlement for Resolution of Fannie Mae Claims

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NEW YORK--(BUSINESS WIRE)--The Plan Administrator for Lehman Brothers Holdings Inc. (“LBHI”) filed a motion today seeking approval of a settlement agreement among LBHI, Aurora Commercial Corporation, Aurora Loan Services and Federal National Mortgage Association (“Fannie Mae”) resolving all of the disputes among the parties and granting Fannie Mae an allowed claim in the LBHI bankruptcy case in the amount of $2.15 billion. As part of the settlement, LBHI retains the opportunity under certain ci Reported by Business Wire 7 hours ago.

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