JPMorgan (JPM) agrees to pay $297 million to settle lawsuit

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JPMorgan (JPM) to settle MBS case with SEC for $250 million - Gasparino

November 16, 2012 9:55 AM EST

JPMorgan Chase & Co. (NYSE: JPM) is a lower Friday amid new MBS settlement chatter.

According to Fox Business' correspondent Charles Gasparino, JPMorgan will settle is mortgage-backed security (MBS) litigation for about $250 million. From his Twitter account:

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