JPMorgan settles Bear Stearns’ lawsuit, pays $500 million

Bank to end lawsuit, pay $500 million. JPMorgan Chase has agreed in principle to settle class action litigation arising from Bear Stearns’ sale of $17.58 billion of mortgage securities that proved defective during the recent U.S. housing and financial crises.

J.P. Morgan Chase & Co. has agreed to pay roughly $500 million to settle a class-action lawsuit over nearly $18 billion worth of shoddy mortgage-backed securities sold by Bear Stearns Cos.,

JPMorgan Chase (JPM) has agreed to pay $500 million to settle more than six years of class action litigation over Bear Stearns’ sale of $17.58 billion of mortgage securities during the financial crisis, according to an article in Reuters.

The largest U.S. bank, which bought Bear in 2008, will pay roughly $500 million to investors led by a group of pension funds, a person familiar with the matter said on Friday. The person requested anonymity because the terms have not been made public. JPMorgan declined to comment.

JPMorgan Chase & Co. ( JPM) has settled yet another lawsuit pertaining to its legacy mortgage issue. The company will pay $400 million to Syncora Guarantee. the securities insured by Syncora.

JPMorgan Chase & Co. (JPM – Free Report) has finally agreed to settle a class-action lawsuit filed over nearly .58 billion worth of mortgage-backed securities ("MBS") sold by Bear Stearns Cos..

The largest U.S. bank, which bought Bear in 2008, will pay roughly $500 million to investors led by a group of pension funds, a person familiar with the matter said on Friday. The person requested anonymity because the terms have not been made public. JPMorgan declined to comment.

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NEW YORK (Reuters) – JPMorgan Chase & Co has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns’ sale of $17.58 billion of mortgage securities that.

JPMorgan Chase agrees to settle class action litigation arising from Bear Stearns’ sale of $17.58 billion of mortgage securities that proved defective.. JPMorgan to Pay $500 Million to Settle.

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns’ sale of $17.58 billion of mortgage.

Good news: Radian reports drop in delinquent mortgages That’s more than a 10 percent drop in foreclosures from the first half of 2010 and more than a 25 percent decline from the same period in 2008, a study of foreclosures by The Dallas Morning News.