JPMorgan Madoff Class-Action Settlement Approved

Mar 24 2014 | 1:03pm ET

A federal judge has signed off on another piece of JPMorgan Chase’s $2.7 billion Bernard Madoff settlement.

U.S. District Judge Colleen McMahon approved a $218 million deal to end class-action litigation against the bank, which served Madoff for decades. In January, another judge signed off on JPMorgan’s $1.7 billion settlement with federal prosecutors, in which the bank acknowledged wrongdoing.

McMahon said the class-action settlement “easily meets the standards” for approval. She also awarded the law firms that brought the cases $18 million in fees.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note