A federal judge dealt a devastating blow to a lawsuit against JPMorgan Chase that accused the nation’s largest bank and its affiliates of duping investors into buying troubled mortgage-backed securities.
In a ruling, Judge Jed S. Rakoff dismissed claims from Dexia, a Belgian-French bank that had sued JPMorgan over losses on $1.6 billion in 65 residential mortgage investments, according to court documents.
Major RMBS claims dismissed
Most Popular Articles
Latest Articles
Northwest MLS takes aim at the DOJ’s commission views
NWMLS is looking to file a brief in the Nosalek suit in an attempt to correct claims the DOJ made about its rule changes