SAN FRANCISCO — A California community college district is suing JPMorgan over the firm’s alleged effort to enforce a contract resembling the “cash-out” bond refundings deemed illegal by the state attorney general several years ago.

The Peralta Community College District said it filed the suit after the firm asked the district to reissue bonds at a higher-than-market rate to comply with a contract made in 2006 with Bear Stearns, which was absorbed by JPMorgan in 2008.

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