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April 27, 2011

Lehman strikes $144 mln settlement with NY state

"Cash-strapped New York state would receive about $144 million from Lehman Brothers Holdings Inc under a proposed settlement resolving tax claims against the defunct financial giant.

The payment of corporate back tax and interest would settle claims that initially sought $1.17 billion, according to a motion filed on Tuesday in U.S. Bankruptcy Court in Manhattan."

Read more here.

April 27, 2011 in Current Affairs | Permalink

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