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JPMorgan settles with Bear Stearns funds' liquidators

  • The liquidators of two Bear Stearns mortgage hedge funds drop a $1.1B lawsuit against Bear Stearns and the fund managers Ralph Cioffi and Matt Tanni after reaching an agreeable settlement with JPMorgan (JPM), according to court documents filed today.
  • McGraw Hill Financial's (MHFI) S&P division as well as Moody's (MCO) were also defendants in the suit.
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