Judge Paul A. Engelmayer of the New York Southern District Court has issued a final judgment in a lawsuit accusing JPMorgan of spoofing the US treasury futures market.

The judgment serves as a final approval order as to the settlement reached between the parties several months ago.

The Court has now finally certified the Settlement Class. The Court found that the Settlement set forth in the Settlement Agreement is the result of arm’s-length negotiations between experienced counsel representing the interests of the Parties, that Class Counsel and Class Plaintiffs adequately represented the Settlement Class for the purpose of entering into and implementing the Settlement Agreement, that the relief provided for the Settlement Class is adequate, and that the Settlement Agreement and Distribution Plan treats Class Members equitably relative to each other.

The final approval was granted several months after the New York Southern District Court preliminarily approved the settlement.

Plaintiffs Charles Herbert Proctor, III, Synova Asset Management, LLC, Robert Charles Class A, L.P., Thomas Gramatis, Budo Trading LLC, Kohl Trading LLC, M & N Trading L.L.C., Port 22 LLC, and Rock Capital Markets LLC have moved for final approval of a class action settlement with Defendants JPMorgan Chase & Co., J.P. Morgan Clearing Corp. (now known as J.P. Morgan Securities LLC), J.P. Morgan Securities LLC, and J.P. Morgan Futures, Inc. (now known as J.P. Morgan Securities LLC).

The Settlement provides for a $15,700,000 cash payment to eligible Class Members impacted by JPMorgan’s alleged manipulation of U.S. Treasury futures contracts and options on those contracts traded on United States-based exchanges from April 1, 2008 through January 31, 2016. Specifically, Class Plaintiffs alleged that JPMorgan utilized a manipulative technique called “spoofing,” which involved purposefully placing U.S. Treasury Futures orders with the intent to cancel prior to execution to send false and illegitimate supply and demand signals to an otherwise efficient market.

The settlement resolves all claims in this case.