The Ticker
JPMorgan mortgage securities lawsuit dismissed
1/7/13 3:10pm
New York’s fraud lawsuit against JPMorgan Chase & Co. ($53.35 -0.28%) over mortgage securities sold to investors must be dismissed because the time for bringing the claims has expired, the bank said.
New York Attorney General Eric Schneiderman’s complaint is barred by a three-year statute of limitations, JPMorgan said in papers dated Jan. 4 and filed in New York State Supreme Court in Manhattan.
