The U.S. District Court for the Southern District of New York today announced an approved $218 million settlement on behalf of Bernard L. Madoff investors in a suit filed against JPMorgan Chase Bank, N.A. and its parents, subsidiaries and affiliates. Hagens Berman represented the Investors.
The Settlement provides substantial and immediate benefits to the settlement class, providing millions of dollars to injured class members, while avoiding the need for extensive, complex and uncertain litigation against one of the largest banks in the world, represented by highly sophisticated and experienced counsel.
The settlement against JPMorgan involves three simultaneous, separately negotiated settlements totaling more than $2.2 billion.
