WASHINGTON — A federal court in New Jersey has approved a $24.9 million settlement between GE Funding Capital Market Services Inc. and the Securities and Exchange Commission over bid-rigging of municipal bond-related contracts, as well as the amounts of restitution to be distributed to each of the more than 325 state and local issuers that were defrauded.

Judge William Martini of the U.S. District Court for the District of New Jersey signed the final judgment Monday, one month after GE Funding entered into a more than $70 million global settlement with the SEC, the Justice Department, the Internal Revenue Service and 25 state attorneys general.

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