Last year, JP Morgan Chase & Co. agreed to settle claims of anticompetitive and fraudulent conduct in the municipal bond derivatives industry for $92 million. According to Connecticut's Attorney General George Jepsen, the state will begin cashing in on the settlement. In all, 10 Connecticut municipalities, agencies or not-for-profit entities will collect more than $1 million in restitution. Those entities include Yale, Quinnipiac and Fairfield universities and the towns of Stratford and Fairfield.
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Verdicts & Settlements
Towns, Colleges To Cash In On JP Morgan Settlement
The Connecticut Law Tribune
July 23, 2012
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