JPMorgan, Lehman Resolve $223M Claim Fight

Law360, New York (June 1, 2011, 9:42 PM EDT) -- Lehman Brothers Holdings Inc. has settled a dispute with JPMorgan Chase Bank NA over $223.5 million in Lehman swaps JPMorgan received when it acquired Washington Mutual Bank NA, Lehman said Wednesday in a New York bankruptcy court filing.

The row over the WaMu swaps is related to a larger adversary proceeding Lehman filed in May 2010 over $8.6 billion that JPMorgan took from Lehman as it neared collapse. In that ongoing case, Lehman claims JPMorgan, concerned about Lehman's solvency in September 2008, demanded the billions as...
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