Syncora Guarantee Inc.'s lawsuit accusing JPMorgan Chase & Co. unit Bear Stearns & Co. of making false and misleading statements connected with a mortgage-backed securities transaction was dismissed on appeal.

The bond insurer sued JPMorgan Securities LLC, formerly Bear Stearns, in New York state Supreme Court in Manhattan in June 2011 over the transaction, known as GreenPoint Mortgage Funding Trust 2007-HE1.

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