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.

being sold to JPMorgan Chase for a pittance (which is what happened).. which they bought for $28.24 million a month before bear stearns imploded.. Last December, Cayne sat for a deposition in a lawsuit brought by.. He was paid more than $500 million between 1999 and 2008, according to public.

You’ll recall that Bear Stearns collapsed in March of 2008 and was sold to JP Morgan for $10 (it was almost $2. As is common in these cases, the individuals that will pay the settlement – former.

NEW YORK (Reuters) – JPMorgan. 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 proved defective during.

REUTERS – JPMorgan Chase & Co has agreed to pay $18.3 million to settle claims that documents for. Filed in 2007, the lawsuit alleged that JPMorgan and units of Bear Stearns failed to make proper.

MSR sale lifts Wells Fargo stock Wells Fargo has invested more than $442 million for 67 LIFT program launches in support of sustainable housing, making it the single largest corporate philanthropic effort of its kind in the.

The wording of the settlement agreement was awkward at times, too. It said the Justice Department had investigated the mortgage-bond operations of JPMorgan and two failing companies that it bought:.

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JPMorgan posted a $380 million third-quarter loss as the nation's largest bank. and the $8 billion the bank has already paid, and its total potential exposure to. of Bear Stearns and Washington Mutual during the financial crisis.. asset management profits rose 7% to $500 million on a 12% revenue gain.

Sept 3 (Reuters) – JPMorgan Chase & Co has agreed to pay $18.3 million to settle claims that documents. Filed in 2007, the lawsuit alleged that JPMorgan and units of Bear Stearns failed to make.

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NEW YORK (Reuters) – JPMorgan Chase & Co agreed to pay $23 million to settle a lawsuit. Liquidators for two Bear Stearns hedge funds that collapsed in 2007 because of problems with subprime.

By Jonathan Stempel 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 proved defective during the U.S. housing and financial crises. The all-cash settlement