Monday, December 31, 2012

FOXBusiness.com: CIBC to pay $149.5 million to Lehman estate, ending dispute

FOXBusiness.com
FOX Business Network - The Power to Prosper
CIBC to pay $149.5 million to Lehman estate, ending dispute
Dec 31st 2012, 15:39

Canadian Imperial Bank of Commerce said it would pay $149.5 million to the estate of Lehman Brothers Holdings Inc to resolve litigation over a collateralized debt obligation tied to the bankruptcy of the former Wall Street bank.

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