BRADENTON, Fla. - Jefferson County, Ala. has been notified that JPMorgan and Bear Stearns & Co. terminated swaps related to the county's troubled sewer debt on March 3.

JPMorgan and Bear Stearns - which was acquired by JPMorgan a year go - calculated the swap termination payments owed by the county at $647,804,118 and $9,060,896, respectively, according to a material event notice obtained from Digital Assurance Certification LLC.

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