By Chris Prentice and Jonathan Stempel

WASHINGTON (Reuters) – JPMorgan Chase & Co (NYSE:) agreed to pay $15.7 million in cash to settle a class action lawsuit by investors who accused the largest U.S. bank of intentionally manipulating prices of U.S. Treasury futures and options. The U.S. government’s extensive investigations into illegal trading on precious metals and futures markets led to the disclosure of Wednesday’s settlement. JPMorgan has not admitted to any wrongdoing. The settlement covers Treasury futures traders and options between April 2008 and January 2016, and must be approved by a Manhattan federal court. Last September, JPMorgan entered a deferred prosecution agreement and agreed to pay $920 million https://www.reuters.com/article/jp-morgan-spoofing-penalty-idINKBN26K325, including a $436 million criminal fine, to settle U.S. government probes into spoofing in Treasuries and precious metals. It also committed to reporting any further violations. Spoofing refers to a technique where traders cancel orders in an attempt to manipulate prices and benefit their market position. To detect potential spoofing, the Justice Department used sophisticated data analysis tools. According to a court filing, the $15.7million payout will not cover more than one third of classwide damages. To cover their legal fees, lawyers for traders will seek to collect up to one-third the amount of thesettlement (roughly $5.2million).