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Securities Law

JPMorgan Pays Bid Rig Restitution to Pa.; Tradition Settles with Mass.

JAN 31, 2013 3:27pm ET

Pennsylvania is distributing $8.6 million in restitution from JPMorgan Chase & Co., to municipalities and nonprofit organizations who were victims of a scheme to rig bids of municipal bond reinvestment contracts, the Pennsylvania Attorney General's office announced.

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