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Case against Madoff son dismissed in London

Bernie Madoff

A British High Court judge criticized the liquidators of U.S. fraudster Bernard Madoff's London company in a judgment on Friday that dismissed their $40 million civil claim against his brother, son and former directors of the firm.

JPMorgan close to $13bn mortgage settlement

Pile Of Coins

JPMorgan Chase, eager to put a raft of mortgage-securities litigation behind it, is close to reaching a $13 billion settlement with the U.S. government, according to people familiar with the situation.