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JPMorgan Mortgage-Securities Deal Challenge Tossed by Judge

JPMorgan Chase & Co.’s $13 billion fraud settlement with the U.S. can’t be blocked by a watchdog group because it couldn’t prove it was harmed by the deal.
Better Markets Inc.’s lawsuit challenging the U.S Justice Department’s agreement with the bank was dismissed by a federal judge. The group, founded by a hedge fund manager, “failed to meet its burden to show it has suffered an injury in fact, and consequently it cannot demonstrate standing,” U.S. District Judge Beryl Howell in Washington ruled.