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The company gave the description of the talks in
a quarterly filing with the U.S. Securities and Exchange
Commission on Tuesday. A Justice spokesman acknowledged that the
department has an "active, ongoing investigation," but declined
to comment further.
JPMorgan also estimated its "reasonably possible" legal
expenses, in excess of its litigation reserves, at $5.5 billion
as of the end of March, down from $5.8 billion at the end of
December.
(Reporting by David Henry in New York and Lindsay Dunsmuir in
Washington.)
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