While a Department of Justice (DOJ) deal is still pending, JPMorgan Chase Co has managed to placate a group of investors who accused the bank of knowingly selling them questionable mortgage-backed securities. JPMorgan cut a check to these investors for $4.5 billion.

The deal, solidified on Nov. 15, while separate from the $13 billion settlement the banking giant has pending with the Department of Justice, could indicate an attempt by JPMorgan to clean up a string of legal concerns it has faced as a result of the securities in question. The $4.5 billion is intended to prevent additional legal action from the group of investors, and the DOJ deal would also close a number of probes pending from both the state and federal level.

The settlement will be split by 330 residential mortgage-backed trusts, including other large institutions like Bank of New York Mellon. A similar deal was recently reached by many of the same trustees and Bank of America for $8.5 billion.

In a statement on the deal, JPMorgan says that, “The institutional investors have committed to support the settlement and have requested that the trustees accept the settlement offer. The offer, which the trustees may seek court approval for, would resolve all representation and warranty claims as well as servicing claims on all trusts issued by J.P. Morgan, Chase and Bear Stearns between 2005 and 2008. While this agreement would resolve representation and warranty claims as well as servicing claims facing the firm with respect to J.P. Morgan, Chase and Bear Stearns trusts, it does not resolve claims on trusts issued by Washington Mutual.”

While this deal will cover a large swath of the residential mortgage back securities that the bank sold on the run up to the financial crisis, there is still pending action from other entities. JPMorgan recently announced that it had put aside 23 billion dollars for its ballooning legal challenges. Whether or not this buffer will be enough to mitigate the parade of costly settlements the bank has been subject to in 2013 remains to be seen.

For more on the legal activity generate by the financial collapse check out these stories:


AIG could sue Morgan Stanley over pre-financial crisis deals

Wells Fargo could be next bank to face suit under FIRREA

U.S. government seeks $863.6M following BofA fraud ruling