As expected, JPMorgan (JPM) agrees to pay $297M to settle the SEC lawsuit over MBS issued by...

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

As expected, JPMorgan (JPM) agrees to pay $297M to settle the SEC lawsuit over MBS issued by Bear Stearns, reports Bloomberg. Reminder: This suit was just a nuisance. The granddaddy is the FHFA lawsuit, and that settlement is likely to be several multiples of this one.