JPMorgan Sued Over Metals, Treasuries, $920 Million Settlement

A pension fund sued JPMorgan Chase & Co. in Delaware, seeking internal files from the bank in a bid to determine how much blame its board bears for precious metals and bond market manipulation claims that led to a $920 million settlement with the federal government.

The lawsuit remains under seal with Delaware’s Chancery Court while the parties redact potentially sensitive information, but accompanying court filings—including a motion requesting expedited proceedings—indicate that it concerns JPMorgan’s alleged role in schemes to rig metal and treasury markets.

The Police Retirement System of St. Louis, a JPMorgan shareholder, is seeking “to investigate potential ...