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NEW YORK - (Mealey's) E*TRADE Financial Corp. has agreed to a $79
million settlement with investors to settle claims that it
misrepresented the risk associated with its investment in subprime
mortgage-backed securities in violation of federal securities laws,
according to a Securities and Exchange Commission Form 8-K filed by
E*TRADE Dec. 22 (Larry Freudenberg v. E*TRADE Financial Corporation, et al., No. 07 Civ. 8538, S.D. N.Y.).