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People walk inside JP Morgan headquarters in New York

People walk inside JP Morgan headquarters in New York, October 25, 2013

A federal judge on Friday  gave the-green-light-go to JP Morgan Chase & Co’s $218 million dollar deal settling class-action litigation  accusing the big  bank of playing a pivotal role  in the  Ponzi scheme of  former  convicted client  Bernard Madoff

U.S. District Judge Colleen McMahon in Manhattan said the accord “easily meets the standards” for final approval, and provides “substantial and immediate” benefits to the swindler’s former customers.

read rest Reuters

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