Categories

Some Madoff Investors Shun J.P. Morgan Settlement

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 here.

Share This Page:
  • email
  • Facebook
  • Twitter
  • LinkedIn