Law360, New York (October 08, 2009) -- JPMorgan Chase & Co. has reached a settlement that ends a multistate investigation of claims that the bank concealed the liquidity risks of investing in the doomed auction rate securities market, agreeing to offer full ARS buybacks to the tune of $480 million.
Under the deal, which Michigan's Office of Financial and Insurance Regulation announced Thursday, JPMorgan also will pay a fine of almost $665,000 to the state....
