JPMorgan’s Legal Hurdles Expected to Multiply – DealBook

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