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RMBS trustees accept $2.4 billion toxic mortgage settlement from Lehman Brothers

The trustees in a series of residential mortgage-backed securities trusts reached a settlement with the remains of Lehman Brothers Holdings that could be worth more than $2.4 billion over claims that the trust contained toxic mortgages. Also taking part in the settlement are 14 institutional investors, including: BlackRock Financial Management, the Federal Home Loan Bank of Atlanta, and Goldman Sachs Asset Management.