Judge Halts $92M JPMorgan Deal In Muni Bond MDL

Law360, Los Angeles (July 18, 2011, 8:30 PM EDT) -- The New York federal judge overseeing multidistrict litigation over alleged bond-market rigging by several financial institutions on Friday halted a $92 million outside settlement between JPMorgan Chase & Co. and a group of 25 state attorneys general.

U.S. District Judge Victor Marrero ordered JPMorgan to abide by the terms of a March order putting a hold on a similar $137 million deal between the group and Bank of America Corp. The judge issued the order after class counsel in the MDL cried foul, arguing that the...
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