JPMorgan, Lehman Settle Spat Over $222 Million WaMu Claims
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JPMorgan Chase & Co. and Lehman Brothers Holdings Inc. settled a dispute over $222.3 million in claims on the defunct firm that the second-biggest U.S. bank inherited when it bought Washington Mutual Bank after Lehman’s September 2008 bankruptcy.
The settlement was disclosed in a court filing today. Details weren’t given.