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Lehman Agrees to Sell More Claims Against Brokerage Unit

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Lehman Brothers Holdings Inc. is selling more of the claims against its defunct brokerage, as part of a continuing strategy to quickly recover money that will go to its creditors, Dow Jones Daily Bankruptcy Review reported today. Lehman said on Friday that it will sell an additional $1.06 billion of its general unsecured claims against the brokerage unit, Lehman Brothers Inc., which is being unwound by trustee James W. Giddens.