Investors who say they came out of Bernard Madoff’s Ponzi scheme “net winners” have signaled they intend to continue pursuing J.P. Morgan Chase JPM -0.43% & Co. despite a proposed $543 million settlement of suits over the bank’s alleged role in the fraud. Papers filed in federal court and bankruptcy court in New York list 193 Madoff investors who are opting out of settlements that are part of the $2.6 billion the bank has agreed to pay for failing to catch and expose Mr. Madoff’s scheme. More in the Wall Street Journal [...]

Bernard Madoff victims who withdrew more money from the con man’s firm than they invested — and were slated for no recovery — asked to be excluded from JPMorgan Chase & Co. (JPM)’s $543 million settlement of lawsuits over the fraud so they can sue the bank on their own. A group of 193 investors said in a filing yesterday in U.S. Bankruptcy Court in Manhattan that the accord between JPMorgan and Irving Picard, the trustee liquidating Madoff’s defunct company, doesn’t cover “net winners.” They asked for court permission to not be part of the settlement. More on Bloomberg [...]