JPMorgan Chase (JPM) is taking another step to put last year's "London Whale" saga behind it.

JPMorgan Chase has settled a lawsuit against Javier Martin-Artajo, who supervised a trader in the New York company's London-based investment office whose trades last year cost the company $6.2 billion, Reuters reported on Wednesday.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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