Wednesday, February 1, 2017

JPMorgan Chase to pay nearly $800 million in final Lehman Brothers settlement

JPMorgan Chase disclosed Wednesday that it reached a final settlement agreement with Lehman Brothers, ending the failed investment bank’s lawsuit over claims that JPMorgan illegally siphoned billions of dollars from Lehman before its collapse. JPMorgan Chase’s final settlement payout checks in at well above $2 billion.

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