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Barrick, CIBC settle dispute over asset-backed paper By Jon Nones 09 May 2008 at 03:04 PM Barrick Gold Corp. [NYSE:ABX; TSX:ABX] and Canadian Imperial Bank of Commerce have settled a dispute over asset-backed commercial paper, lifting a roadblock in the C$32 billion ($32 billion) plan to restructure the market, the Globe and Mail reported. Terms of the settlement weren't revealed, but a hearing on the fairness of the plan is scheduled for May 12 and May 13. Barrick, which owns about C$66 million ($65.4 million) in commercial paper, had claimed CIBC's investment bank said the debt wasn't tied to subprime mortgage assets. Barrick then held on to its paper and bought more before the market froze in August.