NEW YORK (AP) - JPMorgan Chase & Co., the third-largest U.S. bank, agreed Tuesday to pay $2.2 billion (euro1.8 billion) to settle a class-action lawsuit over its role in helping Enron Corp. engineer an accounting fraud that bilked investors out of billions of dollars.
The agreement, confirmed by the bank and plaintiffs, represents the largest settlement deal in lawsuits against banks, advisers, and Enron executives connected to the energy trader's 2001 bankruptcy.
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