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Article updated: 10/2/2012 6:49 AM

NY AG sues JPMorgan over Bear Stearns securities

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The New York attorney general's office has hit JPMorgan Chase & Co. with a civil lawsuit, alleging that investment bank Bear Stearns ˇ prior to its collapse and subsequent sale to JPMorgan in 2008 ˇ perpetrated massive fraud in deals involving billions in residential mortgage-backed securities.

Associated Press

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The New York attorney general's office has hit JPMorgan Chase & Co. with a civil lawsuit, alleging that investment bank Bear Stearns -- prior to its collapse and subsequent sale to JPMorgan in 2008 -- perpetrated massive fraud in deals involving billions in residential mortgage-backed securities.
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