JPMorgan Escapes Auction Rate Securities Class Action

By Cara Salvatore (October 1, 2014, 6:39 PM EDT) -- A New York federal judge dismissed a suit against a JPMorgan Chase & Co. unit on Tuesday in a multidistrict litigation over its sale of auction rate securities, saying mobile communications company Cellular South Inc.'s claims suffered from the same deficiencies that earlier doomed another action in the group....

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