JPMorgan pays to settle Lehman case

JPMorgan Chase has agreed to pay $23m (€17.2m) to settle claims that it mishandled pension fund money by investing with Lehman Brothers.

Sat, 17 Aug, 2013 - 10:49

JPMorgan Chase has agreed to pay $23m (€17.2m) to settle claims that it mishandled pension fund money by investing with Lehman Brothers.

A court document filed today shows that the bank denies any wrongdoing but agreed to settle the lawsuit to avoid the burden and expense of litigation.

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CourtsBusinessHeathrowPlace: United StatesOrganisation: JPMorganOrganisation: LehmanOrganisation: JPMorgan ChaseOrganisation: Lehman BrothersOrganisation: US District CourtOrganisation: Operating Engineers Pension TrustOrganisation: Lehman Brothers Holdings
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