Barings PLC bondholders who lost $437 million when the U.K. investment bank collapsed in 1995 have reached an agreement with Ernst & Young, the investment bank's administrator, to settle outstanding claims.

Officials of the accounting firm said the agreement had been reached, but it was still subject to a court review in the next few months. Details were not revealed.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.