Judge Approves Settlement for $7.68 Billion Claim JPMorgan Has Against Lehman (JPM,LEMQ)
Wednesday, March 17, 2010 - 12:13
Written on Wed, 03/17/2010 - 12:13pm
By Chip Brian

3/17/2010-Wednesday, a judge approved a deal tentatively resolving a $7.68 billion claim by J.P. Morgan Chase (NYSE:JPM) against Lehman Brothers Holdings (OTC:LEHMQ) resulting from controversial collateral demands made by J.P. Morgan.
The settlement, approved by the judge overseeing Lehman's bankruptcy case, allows J.P. Morgan to keep $7.1 billion in cash collateral it's holding while transferring a pool of illiquid securities to Lehman that Lehman claims could be worth billions of dollars.

Keywords: OTC:LEHMQ JPMorgan Lehman settlement claim

Ticker(s): JPM

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