JPMORGAN CHASE TO SETTLE

JPMorgan Chase & Co. has agreed to settle claims that it mishandled pension fund money by investing with Lehman Brothers. The settlement will end up costing the banking giant $23 million.
JPMorgan Chase, in the settlement, denies any wrongdoing but agreed to settle the lawsuit to avoid the burden, expense and distraction of litigation.
The settlement must still be approved by a U.S. District Court before it is final.

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