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JPMorgan Suit With Bear Stearns Liquidators Is Ended

JPMorgan Suit With Bear Stearns Liquidators Is Ended

A lawsuit against JPMorgan Chase & Co. (JPM) by liquidators of two Bear Stearns Cos. hedge funds seeking $1.5 billion over their collapse formally ended today after the parties reached a settlement in June, according to court records.

Bear Stearns Cos., two of its former managers, and auditor Deloitte & Touche were accused of misleading investors in two hedge funds with holdings in subprime mortgages that imploded and filed for bankruptcy in July 2007.

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