The US justice department plans to bring mortgage fraud cases against several financial institutions early in 2014, using as a template the case that ended last month in JPMorgan Chase and Co.’s $13 billion settlement, US Attorney General Eric Holder said on Wednesday.
In an interview with Reuters, Holder would not say which companies or how many could face lawsuits but said the justice department was in contact with them and it was hard to say whether the talks would lead to settlements.
via After JPMorgan, US plans to bring new bank fraud cases in early 2014 – Livemint.
