settlement

Madoff victims cannot sidestep $7.2 billion settlement

Jonathan Stempel, Reuters
January 25, 2017
A federal judge has blocked litigation that the trustee liquidating Bernard Madoff's firm said could undermine a $7.2 billion settlement meant to benefit the Ponzi schemer's former customers.

Alpha Natural agrees to $27.5 million fine for tainted water

Sophia Pearson, Bloomberg
March 5, 2014
The second-largest U.S. coal producer, agreed to pay a $27.5 million fine and spend about $200 million to implement wastewater treatment systems.

Guess who is writing a settlement check

Bob Van Voris, Bloomberg
February 28, 2014
Homeowners sued New York-based JPMorgan last year, claiming the bank placed required hazard and wind coverage with Assurant and other insurers at inflated rates.

JPMorgan said to settle CFTC London Whale probe for $100 million

Silla Brush, Bloomberg
October 15, 2013
Bloomberg reports that JPMorgan will pay about $100 million to settle a probe into the bank’s botched derivatives bets last year.

JPMorgan said in talks to settle U.S. mortgage-bond case

Phil Mattingly, Dawn Kopecki and Karen Gullo, Bloomberg
September 24, 2013
JPMorgan Chase & Co. resumed settlement talks with the U.S. as authorities prepared to sue the bank in California federal court.

Libor settlements said to ease CFTC’s path in rate-swaps probe

Matthew Leising, Bloomberg
August 6, 2013
Libor settlements are compelling banks to hand over information in a probe of additional financial benchmarks.

RBS said to fire derivatives trader weeks after Libor fine

Liam Vaughan and Gavin Finch
April 10, 2013
Royal Bank of Scotland Group Plc reportedly dismissed a London-based interest-rates trader after settling with regulators over the Libor scandal.

SEC approves Nasdaq’s $62 million Facebook IPO settlement

Whitney Kisling and Lindsey Rupp, Bloomberg
March 25, 2013
Regulators cleared Nasdaq OMX Group Inc.’s plan to pay $62 million to compensate brokers for its mishandling of Facebook Inc.’s public debut, dealing a defeat to Wall Street firms that say they lost many times that amount.

CFTC settles forex fraud action against California man

Press Release
August 13, 2012
Federal court orders defendants to pay more than $5.4 million in restitution and civil monetary penalties.

Morgan Stanley derivatives accord wins approval

David Glovin
August 7, 2012
Morgan Stanley won approval of a $4.8 million accord with the U.S. over claims it helped manipulate electricity prices.