Analysis: New York suit against JPMorgan makes a ripple, not a splash
WASHINGTON (Reuters) – New York state’s lawsuit against JPMorgan Chase & Co alleging fraud in mortgage-backed securities sold by Bear Stearns may be one of the broadest cases to come out of the financial crisis, but its impact is likely to be limited. The biggest beneficiaries may be investors who have taken out private lawsuits against the bank. The civil suit, brought by New York Attorney General Eric Schneiderman, is the first from a federal-state financial fraud task force. It did not unearth any previously unknown details or attempt to assign criminal liability. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply