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A press release from CalPERS confirms that a federal investigation into JPMorgan's accused civil securities violation will yield a nearly $261 million settlement.
CalPERS suffered a loss of some $221.6 million due to investments in JPMorgan's mortgage-backed securities from 2005-07.
The settlement will cover CalPERS' entire loss in addition to interest.
For further details, see CalPERS official press release.
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