Lehman Settles Dispute With Aozora Bank for $470 Million

Defunct Lehman Brothers Holdings Inc. settled a dispute with Aozora Bank Ltd., granting the former lender to Lehman’s Japanese unit an unsecured guarantee claim of almost $470 million. The bank agreed to give up an additional claim to collateral, Lehman said in a federal court filing in Manhattan yesterday.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net

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