Lawsuits and legal settlements [ edit ] This section may lend undue weight to certain ideas, incidents, or controversies . Please help to create a more balanced presentation . Discuss and resolve this issue before removing this message. ( January 2023 ) Chase paid out over $2 billion in fines and legal settlements for their role in financing Enron Corporation with aiding and abetting Enron Corp.'s securities fraud , which collapsed amid a financial scandal in 2001. [55] In 2003, Chase paid $160 million in fines and penalties to settle claims by the Securities and Exchange Commission and the Manhattan district attorney's office. In 2005, Chase paid $2.2 billion to settle a lawsuit filed by investors in Enron. [56] In December 2002, Chase paid fines totaling $80 million, with the amount split between the states and the federal government. The fines were part of a settlement involving charges that ten banks, including Chase, deceived investors with biased research. Th...
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