JPMorgan, Performers' Union Fund Settle ERISA Action

Law360, New York (February 8, 2012, 1:45 PM EST) -- JPMorgan Chase Bank NA and the American Federation of Television and Radio Artists Retirement Fund have potentially settled a class action contending JPMorgan mishandled investments for the fund in the notes of a structured investment vehicle that collapsed in 2008, the parties said Tuesday.

The parties battling over the bank's dealings with Sigma Finance Inc. have reached an agreement in principle to settle the matter and are drafting a formal agreement that they expect to submit to the Southern District of New York federal court for...
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