Chase Manhattan Corp. said it settled a shareholder class action for $5 million in cash and $12.5 million of warrants to buy stock.

The shareholders had asserted that Chase failed to disclose the effect of real estate losses on dividends and its financial condition, said lawyer Peter Harrah.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.