Judge approves $1.42bn settlement between Lehman and JP Morgan

A New York Judge has approved a $1.42bn settlement between Lehman Brothers and JP Morgan over dealings that occurred in the run-up to Lehman's bankruptcy in 2008, thereby resolving two of the three pieces of litigation Lehman brought against the bank; JPMorgan was accused by Lehman of contributing to the bank's downfall.

By Jonathan Randles (February 8, 2016, 7:38 PM EST) -- A New York bankruptcy judge on Monday approved a $1.42 billion settlement to resolve most litigation between Lehman Brothers Holdings Inc. and JPMorgan over transactions that occurred in the runup to Lehman's 2008 bankruptcy....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

Access to case data within articles (numbers, filings, courts, nature of suit, and more.)

Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.

Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS