JPMorgan Chase has agreed to pay $ 150 m to settle a lawsuit stemming from the " London Whale " scandal . The bank was accused of making false and misleading statements in 2012 to a number of investors , telling them not to worry about losses which topped $ 6.2bn . The Ohio Public School Retirement Systems said it lost about $ 2.5 m as a result of the incident . Chase , which did not admit wrongdoing as it settled , declined to comment ; it had reserved for the settlement earlier this year . So far , JPMorgan has paid over $ 1bn to settle US and UK probes into London Whale scandal .
JPMorgan Chase has agreed to pay $150m to settle a lawsuit stemming from the "London Whale" scandal. The bank was accused of issuing false and misleading statements in 2012 to a group of investors, urging them not to worry about losses which topped $6.2bn. The Ohio Public Employees Retirement Systems said it lost about $2.5m as a result of the incident. JPMorgan, which did not admit wrongdoing as it settled, declined to comment; it had reserved for the settlement earlier this year. So far, JPMorgan has paid over $1bn to settle US and UK probes into London Whale losses.