JPMorgan Dodges Benefits Lawsuit Over Foreign Exchange Trading

JPMorgan Chase & Co. won’t have to defend claims that it violated federal benefits law by participating in a worldwide “manipulation scheme” of the foreign exchange market.

The pension plan investor who filed the lawsuit two years ago voluntarily dismissed it Nov. 2, according to filings in the U.S. District Court for the Southern District of New York. The dismissal is with prejudice, which means that he won’t be able to sue the company again over similar allegations.

The move comes one month after a federal judge asked the parties to address how they “intend to proceed” with the case ...