Daily Archives: January 8, 2015

JP Morgan settles FX price-rigging suit; terms not disclosed

NEW YORK — JPMorgan Chase & Co has become the first bank to settle an antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion-a-day foreign exchange market.
The settlement with the largest U.S. bank was disclosed today in a letter from lawyers for JPMorgan and the plaintiffs and filed in U.S. District Court in Manhattan.

Terms were not disclosed.
A settlement agreement is expected to be filed with the court by the end of January.

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