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Lehman Claims Deal, Kirch Group Trial, Saab Pay: Bankruptcy

Lehman Brothers Holdings Inc. and Danske Bank A/S agreed to reduce the Danish bank’s bankruptcy claim to $580 million and have it support Lehman’s reorganization plan.

Danske Bank in 2009 filed a $699.6 million claim against Lehman and a second claim against its commercial paper unit for same amount. The claims are related to a 2005 commercial and residential loan repurchase agreement, according to a filing in U.S. Bankruptcy Court in Manhattan. The Danish bank later filed four more claims arising from derivatives deals totaling $38.6 million.