JPMorgan Chase has agreed to pay $150 million to public pension funds

Huge losses from transactions booked through the London office of JPMorgan’s chief investment office caused the bank’s stock value to plummet, harming investors.

The Ohio Public Employees Retirement System, the state’s largest public pension fund and one of the largest in the U.S., lost $2.5 million. It joined similar funds in Oregon and Arkansas and Swedish pension fund AP7 as lead plaintiffs. The case was filed in the U.S. District Court for the Southern District of New York.

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