JPM settles price-rigging lawsuit

Posted online January 6, 2015 | 6:16 am

JPMorgan Chase & Co. has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion-a-day foreign exchange market.

JPM agreed to pay $100 million to settle the 2013 lawsuit, according to Reuters.

The settlement requires court approval, and settlement papers are expected to be filed in court this month.

Read more from Reuters.[[In-content Ad]]

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