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Citi, JPM Get Nod For $182.5M Euribor Settlement Payout

Law360, New York (May 17, 2019, 7:01 PM EDT) -- A Manhattan federal judge on Friday approved a $182.5 million settlement between JPMorgan Chase & Co., Citigroup and investors who accuse the two megabanks of rigging a key euro rate, signing off also on a roughly $36 million haul for plaintiffs' firms that brought the antitrust class action.

A judge approved a $182.5 million settlement by Citigroup and JPMorgan Chase & Co. with investors over alleged attempts to fix the Euro Interbank Offered Rate. (AP) U.S. District Judge P. Kevin Castel's green light came after he tasked Lowey Dannenberg PC and Lovell Stewart Halebian Jacobson LLP, which represent plaintiffs including the 950,000-member...
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