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JPMorgan, Investors Propose $340M IndyMac MBS Settlement

By Kat Greene ( September 11, 2014, 10:18 PM EDT) -- The lead plaintiffs and underwriter banks in a class action accusing JPMorgan Chase & Co. and other financial institutions of misleading investors about the inherent risks of IndyMac Bank's mortgage-backed securities reached a proposed $340 million settlement, according to a filing in New York federal court Thursday....

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