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JPMorgan

JPMorgan (JPM) and Bear Stearns & Co., which JPMorgan acquired in '08, were sued by the Nat'l Credit Union Administration, which alleged misconduct in the sale of $3.6 bil in mortgage securities to credit unions that collapsed on losses from the securities. The regulator alleges Bear Stearns made misrepresentations in connection with the underwriting and sale of the securities.