The New York-based bank in September reached a $15.7 million settlement with investors over Treasury spoofing. government probes into spoofing in precious metals and Treasuries. 2020, JPMorgan entered a deferred prosecution agreement and agreed to pay $920 million, including a $436 million criminal fine, to settle U.S. Spoofing is where traders place orders they intend to cancel, hoping to move prices to benefit their market positions.
The payout would recover about 7% of the estimated $915 million of classwide damages, the lawyers added. The site also offers a list of dangerous or defective products. Theyre listed in alphabetical order by company name. You can check to see if there are any current, pending or settled lawsuits. Lawyers for the investors called the accord "substantively fair," citing among other reasons the risks of continued litigation. Go to the website for Class Action World to find out if a class action suit of this type is legitimate. JPMorgan did not admit wrongdoing in agreeing to the settlement, which covers traders in precious metals futures and options from March 2008 to August 2016 and requires approval by a federal judge in Manhattan. government investigations into a form of illegal trading in precious metals and U.S. The settlement disclosed on Friday stemmed from sprawling U.S. bank of intentionally manipulating prices of precious metals futures and options. NEW YORK, Nov 19 (Reuters) - JPMorgan Chase & Co (JPM.N) agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S.
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