The trustee liquidating Lehman Brothers' U.S. brokerage has reached a settlement with its former derivatives unit that will reduce to $550 million an original claim of $6 billion, Reuters reported yesterday. The deal will enhance the ability of the trustee James Giddens to distribute payouts to former clients of Lehman Brothers' brokerage four years after the investment bank collapsed. Lehman Brothers Finance AG, which was based in Switzerland, will receive a $190 million customer claim and a $360 million general unsecured claim against the brokerage, according to a court document filed on Wednesday.
