A federal bankruptcy judge on Tuesday approved JPMorgan Chase & Co’s $543 million deal to end two private lawsuits stemming from its relationship with convicted Ponzi scheme mastermind Bernard Madoff. A spokeswoman for the trustee liquidating Bernard L. Madoff Investment Securities confirmed that U.S. Bankruptcy Judge Stuart Bernstein approved the agreement, which was made public on Jan. 7, the same day federal authorities announced the bank had agreed to pay more than $2 billion to settle criminal charges related to the Madoff fraud. More on CNBC here.
