JPMorgan Chase Settles Claims over Bid-Rigging for Muni Bond Derivatives

, The Litigation Daily

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JPMorgan Chase Co. became the latest financial giant to settle bid-rigging claims related to municipal bond derivative transactions when a federal district judge approved a $44.6 million settlement on Monday. Represented by Simpson Thacher, the bank is settling claims with the city of Baltimore, hospitals and universities in Mississippi, and a school district and water and sewage service in Bucks County, Pennsylvania, which are represented by Hausfeld, Susman Godfrey, and Boies, Schiller.

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