The trustee liquidating Lehman Brothers Holdings Inc.’s brokerage unit has agreed with Pacific Investment Management Co. unit to resolve $187.4 million of the money management firm's customer claims, likely at a fraction of their estimated value, Reuters reported on Friday. According to papers filed on Wednesday in bankruptcy court, Pimco will no longer be able to pursue customer claims, and will instead receive $146.6 million of general unsecured creditor claims against the brokerage, Lehman Brothers Inc. The brokerage's estate would pay up to $20 million of cash on the claims, and $25.6 million of disputed collateral would be returned to Pimco clients. Another $4.9 million of collateral would be returned to the brokerage's estate.
