J.P. Morgan to Pay $1.42 Billion to Settle Most Lehman Claims

Wall Street Journal, Jan. 25, 2016–Fitzgerald, Patrick

J.P. Morgan Chase & Co. has agreed to pay the remnants of Lehman Brothers Holdings Inc. $1.42 billion in cash to settle most of the failed investment bank’s lawsuit over claims that J.P. Morgan illegally siphoned billions of dollars from Lehman before its collapse.