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Browse: Home / 2013 / September / 24 / JPMorgan’s Legal Hurdles Expected to Multiply – DealBook

JPMorgan’s Legal Hurdles Expected to Multiply – DealBook

By Securities Docket on September 24, 2013, 8:51 am

JPMorgan Chase paid $1 billion to resolve an array of government investigations last week. But its biggest battles with federal authorities may still lie ahead.

The nation’s largest bank is bracing for a lawsuit from federal prosecutors in California who suspect that the bank sold shoddy mortgage securities to investors in the run-up to the financial crisis, according to people briefed on the matter.

via JPMorgan’s Legal Hurdles Expected to Multiply – DealBook

Posted in Industry, Top | Tagged Financial Crisis, Mortgage-Backed Securities

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