Oct 6 (Reuters) - Lehman Brothers Holdings Inc:
* Seeks court approval of global settlement agreement with Ambac assurance corp
* Says Ambac parties withdraw proofs of claim exceeding $6.1 billion against
the co
* Says co and Ambac release each other from any liability under
certain disputed prepetition derivatives transactions
* Says creditors' committee supports the global settlement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Seeks court approval of global settlement agreement with Ambac assurance corp
* Says Ambac parties withdraw proofs of claim exceeding $6.1 billion against
the co
* Says co and Ambac release each other from any liability under
certain disputed prepetition derivatives transactions
* Says creditors' committee supports the global settlement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News
