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Parties settle dispute over documents
* Settlement details not immediately unavailable
* Judge gives Lehman green light to auction NYC building (Recasts first sentence, adds plans by Lehman to sell property, mortgage portfolios)
By Nick Brown
NEW YORK, June 15 (Reuters) - Lehman Brothers Holdings Inc (LEHMQ.PK) has resolved a document production dispute with Goldman Sachs Group Inc (GS.N) in an ongoing fight over whether Goldman had a role in rumors Lehman believes exacerbated its collapse.
The two sides announced the settlement at a hearing on Wednesday in U.S. Bankruptcy Court in Manhattan before Judge James Peck, but did not immediately give details.
Lehman asked Goldman in March to produce papers relating to rumors that may have played a role in its collapse -- and that it says may have originated from Goldman employees. Goldman has said its trading records show it had no financial motive to harm Lehman.
In May, Lehman accused Goldman of intentionally moving at a "glacial" pace to run out the statute of limitations, and asked a judge to impose a two-week time limit for Goldman to produce the documents.
In court papers filed Monday evening, Goldman said it should be reimbursed by Lehman for the cost of defending against the failed bank's attempts to "harass" it with unreasonable demands for speedy document production.
Goldman said in the filings that it has worked "diligently" to cooperate with the document request.
Lehman filed the biggest bankruptcy in U.S. history in September 2008. Goldman is part of a group of banks fighting with Lehman and others for control of the roughly $60 billion payback plan for creditors.
* Settlement details not immediately unavailable
* Judge gives Lehman green light to auction NYC building (Recasts first sentence, adds plans by Lehman to sell property, mortgage portfolios)
By Nick Brown
NEW YORK, June 15 (Reuters) - Lehman Brothers Holdings Inc (LEHMQ.PK) has resolved a document production dispute with Goldman Sachs Group Inc (GS.N) in an ongoing fight over whether Goldman had a role in rumors Lehman believes exacerbated its collapse.
The two sides announced the settlement at a hearing on Wednesday in U.S. Bankruptcy Court in Manhattan before Judge James Peck, but did not immediately give details.
Lehman asked Goldman in March to produce papers relating to rumors that may have played a role in its collapse -- and that it says may have originated from Goldman employees. Goldman has said its trading records show it had no financial motive to harm Lehman.
In May, Lehman accused Goldman of intentionally moving at a "glacial" pace to run out the statute of limitations, and asked a judge to impose a two-week time limit for Goldman to produce the documents.
In court papers filed Monday evening, Goldman said it should be reimbursed by Lehman for the cost of defending against the failed bank's attempts to "harass" it with unreasonable demands for speedy document production.
Goldman said in the filings that it has worked "diligently" to cooperate with the document request.
Lehman filed the biggest bankruptcy in U.S. history in September 2008. Goldman is part of a group of banks fighting with Lehman and others for control of the roughly $60 billion payback plan for creditors.
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