$75 Million J.P. Morgan ERISA Settlement Granted Preliminary Approval

(January 23, 2018, 11:53 AM EST) -- NEW YORK — A New York federal judge on Jan. 19 granted preliminary approval of a $75 million cash settlement reached between eight of the 12 class representatives and J.P. Morgan Chase & Co. (JPMC) in a lawsuit accusing JPMC of violating the Employee Retirement Income Security Act by mismanaging retirement savings funds (In re J.P. Morgan Stable Value Fund ERISA Litigation, No. 12-2548, S.D. N.Y.)....

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