Tag Archives: Lehman Brothers Collapse

The Lehman Brothers Collapse and the 2016 Settlement in Perspective

After years of court-battle, JPMorgan & Chase finally agreed to pay $1.42 billion to settle the claims made by Lehman Brothers. The latter’s allegation was that JPMorgan, being its clearing bank held back critical funds during the perilous events, which led to its bankruptcy. In this article, we’ll first have a recap of the beginning of Lehman Brother’s end, then have flashbacks of the legal tussle between the two, and ...

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