![Goldman, JPMorgan, Morgan Stanley, UBS in $499 million stock lending settlement](https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ7M0YQ_L.jpg)
© Reuters. FILE PHOTO-A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. REUTERS/Denis Balibouse/File Photo
NEW YORK (Reuters) – Goldman Sachs, JPMorgan Chase (NYSE:), Morgan Stanley and UBS have reached a $499 million settlement of an antitrust lawsuit by investors who accused them of conspiring to stifle competition in the stock lending market.
The settlement was disclosed on Wednesday in a filing in Manhattan federal court, and also covers EquiLend, a joint venture between the defendants.
Credit Suisse, now owned by UBS, reached a related settlement of about $81 million last year. Bank of America (NYSE:) remains a defendant, court papers show.