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Syncora's $320M JPMorgan Fraud Suit Nixed In NY Court

By Pete Brush (August 13, 2013, 3:52 PM EDT) -- A New York state appellate court on Tuesday nixed Syncora Guarantee Inc.'s fraud suit against JPMorgan Securities LLC over $320 million the monoline insurer lost in a securitized mortgage deal, finding a federal breach-of-contract suit brought by Syncora against one of the banking giant's "sister affiliates" bars the state action....

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