On July 17, 2015, lead plaintiffs filed a stipulation and agreement settling a 2009 class action lawsuit against JPMorgan Chase & Co. (“JPMorgan”) alleging that the bank had misrepresented the quality of loans underlying $10 billion worth of mortgage-backed securities it sold. Without admitting any wrongdoing JPMorgan agreed to pay plaintiffs $388 million, subject to court approval. Stipulation and Agreement of Settlement.
