Attempting to avert another suit, JPMorgan in settlement talks with DOJ

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

In a last-minute effort at settling before a case is officially filed, JPMorgan (JPM -1.1%) is holding settlement talks with the DOJ over its sale of MBS in California prior to the financial meltdown, reports Reuters.

A report yesterday said the DOJ was preparing to file its suit as early as today.