JPMorgan Chase & Co.’s Bear Stearns Asset Management persuaded a judge to dismiss a lawsuit by Bank of America Corp. over a collateralized debt obligation transaction that resulted in billions of dollars in losses.

U.S. District Judge Alison Nathan in Manhattan yesterday granted JPMorgan’s request for summary judgment, or a ruling before trial, and dismissed all of Bank of America’s claims, including an allegation the defendants breached their fiduciary duty and a fraud claim tied to the CDO deal.

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