Liquidation

Lehman Brothers Holdings Inc. has reached a settlement with entities controlled by German entrepreneur Klaus Tschira, the last holdout to a multibillion-dollar settlement between Lehman and its former Swiss derivatives unit, which will free up some $1.8 billion for creditors with the potential of billions more in the future. Read the Daily Bankruptcy Review article via The Wall Street Journal.

A judge on Monday said LightSquared could move forward with its $2.65 billion restructuring proposal over the strong objection of Dish Network Corp. Chairman Charlie Ergen, LightSquared’s largest secured creditor. Read the Daily Bankruptcy Review article here.