JPMorgan (JPM) is sued by CIFG Assurance, which claims it lost over $100M insuring...

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

JPMorgan (JPM) is sued by CIFG Assurance, which claims it lost over $100M insuring toxic-mortgage-filled CDOs created by Bear Stearns. JPMorgan recently settled with the SEC over Bear-related charges, but now will have to deal with private-party lawsuits.