" The settlement, disclosed yesterday in a filing in federal court in New York, compares "favorably" with other recoveries stemming from the credit crisis, the plaintiffs said. Lehman Brothers filed for bankruptcy in September 2008. The settlement, which requires court approval, represents a recovery of 13.4 percent of the total face value of securities at issue, or about $896 million, without taking into account UBS's defenses and rights of offset, according to the court filing. The case is In re Lehman Brothers Securities and Erisa Litigation, 09-md-02017, U.S. District Court, Southern District of New York (Manhattan). Read more: