JPMorgan To Pay Lehman $797.5 Million To End Litigation Over Collapse

Reuters ---- JPMorgan Chase & Co (JPM.N) will pay $797.5 million in cash to end all litigation brought on behalf the former Leman Brothers Holdings Inc, whose September 2008 collapse triggered a global financial crisis. The settlement made public on Wednesday requires approval by U.S. Bankruptcy Judge Shelley Chapman in Manhattan. It follows JPMorgan's agreement last January to pay $1.42 billion in cash to resolve most other claims, in what had been an $8.6 billion lawsuit against the largest U.S. bank to recoup money for Lehman creditors. For more information on JPMorgan to pay Lehman $797.5 million to end litigation over collapse click on the picture below to read the article.