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9/7 Lehman

Lehman Settles Suit Over Putnam Swap Transactions
Jul 8, 2015 | Law360
By Jonathan Randles

Lehman Brothers Holdings Inc. has agreed to settle a multimillion-dollar lawsuit involving Putnam Investments LLC over swap transactions that defaulted when the investment bank collapsed in September 2008, as the estate continues its push to wind down outstanding derivative disputes.

Ex-Lehman CEO Richard Fuld to auction off Idaho estate
Jul 9, 2015 | CNN Money
By Ahiza Garcia

...Fuld was the CEO of Lehman Brothers from 1994 until the firm filed for bankruptcy in 2008. Fuld, who shied from public view for several years afterward, decided in May that it was "time for me to raise my ugly head." At a conference that month, Fuld alluded to how hated he was after the collapse of Lehman Brothers.

Lehman Settles Suit Over Putnam Swap Transactions

Jul 8, 2015 | Law360

By Jonathan Randles

Lehman Brothers Holdings Inc. has agreed to settle a multimillion-dollar lawsuit involving Putnam Investments LLC over swap transactions that defaulted when the investment bank collapsed in September 2008, as the estate continues its push to wind down outstanding derivative disputes.

LBHI and Lehman Brothers Special Financing Inc. filed the settlement, which will pay a trustee for the Putnam swaps, on Monday. The amount of the settlement was not disclosed. Attorneys for Lehman said the settlement, which must be approved by a New York bankruptcy judge, is...
For full story:
https://www.law360.com/articles/676365/lehman-settles-suit-over-putnam-swap-transactions

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Ex-Lehman CEO Richard Fuld to auction off Idaho estate

Jul 9, 2015 | CNN Money

By Ahiza Garcia

It's a long way from Wall Street. Former Lehman Brothers CEO Richard Fuld is planning to auction off his 71-acre estate in Sun Valley, Idaho.
The auction is scheduled for Aug. 19 and the property is estimated to sell for $30 to $50 million.
Concierge Auctions, which is handling the sale, said it expects the estate to set a record for the highest price for a residence at auction.
Concierge President Laura Brady confirmed to CNNMoney that the property, called "Big Wood River Estate," belongs to Fuld.
The property has 11 bedrooms between the main home, a guest home, and a gate home at the front entrance of the estate. There are also nine original lots where new buildings can be built. The estate contains 2,100 feet of riverside land.
Fuld was the CEO of Lehman Brothers from 1994 until the firm filed for bankruptcy in 2008. Fuld, who shied from public view for several years afterward, decided in May that it was "time for me to raise my ugly head." At a conference that month, Fuld alluded to how hated he was after the collapse of Lehman Brothers...
For full story:
http://money.cnn.com/2015/07/08/news/lehman-brothers-ceo-richard-fuld-idaho-estate/

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