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JPMorgan $150 Million Securities Lending Accord Approved

JPMorgan Chase & Co.’s $150 million settlement of a lawsuit over losses from the bank’s securities lending program won approval from a federal judge.

The suit was filed by three union pension funds, which represent a class of investors that lost money placed for them by New York-based JPMorgan in medium-term notes issued by Sigma Finance Corp., a structured investment vehicle that collapsed in 2008.