JPMorgan Chase & Co will pay $797.5 million in cash to end all
litigation brought on behalf the former Lehman Brothers Holdings Inc,
whose September 2008 collapse triggered a global financial crisis...
[this] follows JPMorgan's agreement last January to pay $1.42 billion in
cash to resolve most other claims, in what had been an $8.6 billion
lawsuit against the largest U.S. bank to recoup money for Lehman
JPMorgan, which had been Lehman's largest secured creditor, was
accused of exploiting its leverage as Lehman's main "clearing" bank to
siphon critical liquidity in the last few days before Lehman went
bankrupt on Sept. 15, 2008.
Lehman creditors have maintained that JPMorgan unnecessarily
extracted billions of dollars of collateral, and by doing so obtained a
windfall at their expense.