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Home » Store » Investors » Trustees Accept Lehman’s $2.4 Billion Offer to Settle RMBS Dispute; Wells Fargo Sues Investment Advisors

Trustees Accept Lehman’s $2.4 Billion Offer to Settle RMBS Dispute; Wells Fargo Sues Investment Advisors

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Trustees for 244 residential MBS trusts have accepted a $2.4 billion settlement offer from Lehman Brothers to resolve repurchase claims related to pre-crisis RMBS transactions that went bad. The trustees filed a notice of acceptance and a motion seeking bankruptcy court approval of the settlement on May 22. A hearing on the motion will be heard by Judge Shelley Chapman of the U.S. Bankruptcy Court for the Southern District of New York on July 6, 2017. The trustees in the settlement include...
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