JPMorgan to pay $800mn in Lehman bankruptcy case

NEW YORK: US banking giant JPMorgan Chase agreed Thursday to pay some $800 million to settle claims stemming from the massive bankruptcy of Wall Street firm Lehman Brothers in 2008, a court trustee said.James Giddens, the trustee for Lehman Brothers, said the cash and securities would help cover some of the losses in the massive collapse that was a key point in the global financial… – Brecorde