Tag Archive

JPMorgan to Pay $23 Million to Settle Suit Over Lehman Notes

Published on September 1, 2013 By admin

The following article is brought to you by Edvard Pettersson at BusinessWeek.Com JPMorgan Chase & Co. (JPM:US) will pay $23 million to settle a class-action lawsuit with pension funds that accused the bank of breaching its fiduciary duty by investing their money in Lehman Brothers Holdings Inc. notes. JPMorgan and the lead plaintiff, the Board […]

Geithner Agrees to Written Testimony in Lehman’s JPMorgan Suit

Published on March 21, 2012 By admin

The following article is brought to you by MoneyNews.Com. U.S. Treasury Secretary Timothy Geithner agreed to answer questions in writing in Lehman Brothers Holdings Inc.’s lawsuit alleging that JPMorgan Chase & Co. contributed to Lehman’s collapse in 2008. Geithner’s agreement, noted in a March 16 filing by the U.S. in federal court in Washington, forestalls […]

Judge Clears $861 Million J.P. Morgan-Lehman Settlement

Published on June 23, 2011 By admin

The following article is brought to you by the Wall Street Journal. A judge on Thursday approved a settlement that calls for J.P. Morgan Chase to pay $861 million in cash and securities to customers of the defunct broker-deal business of Lehman Brothers Holdings. The settlement is the largest to date reached by the trustee […]