The trustee winding down Lehman Brothers Holdings Inc.'s brokerage struck a deal that will slash $8.5 million in claims from a Curaçao-based unit and said that he has all but completed his goal of making more than 110,000 brokerage customers whole and now is focusing on returning cash to creditors, Dow Jones Daily Bankruptcy Review reported today. Trustee James W. Giddens said in a court filing that the settlement with Lehman Brothers Securities N.V., which sold notes and warrants that raised cash to finance Lehman's parent company and other subsidiaries, would allow the Curaçao unit to redeem a $2.4 million "customer" claim from the brokerage. Previously, the subsidiary had filed a $10.9 million customer claim.
