December 21, 2015 / 3:27 PM / 4 years ago

JPMorgan to pay $150 million in 'London Whale' U.S. class action

NEW YORK, Dec 21 (Reuters) - JPMorgan Chase & Co has agreed to pay $150 million to resolve a securities fraud lawsuit by investors suing the bank over its “London Whale” trading scandal, which caused a $6.2 billion loss.

The settlement was disclosed in papers filed on Friday in federal court in Manhattan and would resolve a class action filed in the wake of the scandal first being revealed in 2012. (Reporting by Nate Raymond in New York; Editing by Chizu Nomiyama)

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