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• Lehman Brokerage Trustee Seeks Fees, Expenses of $37.5 Million

  The law firm of the trustee liquidating the Lehman Brothers Inc. brokerage asked a judge to approve fees and expenses of $37.5 million for the period from July 1 through February 28.

• Lehman Sells $4.2 Billion of Broker Claims for $1.9 Bln

  Lehman Brothers Holdings Inc., which is gathering money for its next payment to creditors, said it received bids of almost $1.9 billion at an auction for $4.2 billion of claims on its defunct brokerage, Lehman Brothers Inc.

• Serb 3-Month Current-Account Gap Falls as Exports, Inflows Grow

  Serbia’s current-account deficit narrowed 47.7 percent in the first quarter as exports continued to expand and foreign investments and remittances picked up.

• Lehman Brokerage Trustee Says He’s Near Paying Customers

  The trustee liquidating the Lehman Brothers Inc. brokerage said he expects to close settlement agreements with affiliates “in the near future” that should enable him to pay approved customers in full.

• Lehman May Sell Unsecured Claims on Brokerage Affiliate

  Lehman Brothers Holdings Inc., which is gathering money to pay creditors, said it may try to sell some of the $14 billion in unsecured claims the defunct firm has against brokerage affiliate Lehman Brothers Inc.

• GE Pension Claim on Lehman Brokerage Cut to $5.8 Million

  General Electric Pension Trust will settle a dispute with the defunct Lehman Brothers Inc. brokerage by agreeing to take a $5.8 million claim on the bankrupt estate, down from the $356.6 million creditor claim it originally filed in 2009, according to a filing in federal court in Manhattan.

• Lehman Brokerage to Pay Hedge Funds, Banks After 4 Years

  Defunct brokerage Lehman Brothers Inc. is set to pay more than $15 billion to hedge fund and bank customers after 4 1/2 years in liquidation.

• U.S. Swap-Spread Curve Back to Pre-Crisis Level: Chart of Day

  The gap between the rate to exchange floating for fixed interest-rate payments for two years and similar maturity Treasury yields have dropped below the 10- year swap spread to almost the lowest level since before the start of the financial crisis.

• Covington, Morgan Lewis, Shearman: Business of Law

  Covington & Burling LLP sought to overturn a judge’s ruling disqualifying the firm from working for Minnesota on a lawsuit alleging 3M Co. polluted state waters.

• Lehman International Creditors May Be Repaid in Full, PwC Says

  Creditors to Lehman Brothers International Europe may be repaid in full after administrators settled disputes with some of the failed investment bank’s affiliates, increasing the size of expected future recoveries.

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