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October 13, 2009 | | Comments 0 | Filed Under: DailyGovernmentNewsWall StreetWorld

JPMorgan, Credit Suisse, Morgan Stanley agree to pay $100 million to settle suit over lender

JPMorgan Chase&Co. and two other investment banks have agreed to pay $100 million to settle a lawsuit over their contribution to investor losses in the collapse of American Business Financial Services Inc., the bankruptcy trustee’s lawyer said Friday.

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