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Goldman, JPMorgan, Morgan Stanley, UBS in $499 million stock lending settlement

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NEW YORK (Reuters) - Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS have reached a $499 million settlement of an antitrust lawsuit by investors ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSNEW YORK - Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS have reached a $499 million settlement of an antitrust lawsuit by investors who accused them of conspiring to stifle competition in the stock lending market.

The settlement was disclosed on Wednesday in a filing in Manhattan federal court, and also covers EquiLend, a joint venture between the defendants. Credit Suisse, now owned by UBS, reached a related settlement of about $81 million last year. Bank of America remains a defendant, court papers show.

 

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