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JPMorgan Derivative Suit Over RMBS Practices Gets Quashed

By Stewart Bishop (October 24, 2014, 7:56 PM EDT) -- A California federal judge on Thursday dismissed a shareholder derivative lawsuit against the top brass at JPMorgan Chase & Co. over the bank's residential mortgage-backed securities business that led to a $13 billion settlement with the government, saying the plaintiffs haven't properly pled claims of false statements and self-dealing....

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