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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 […]
By Securities Docket on August 8, 2013, 7:37 am
JPMorgan Chase disclosed on Wednesday that it faced a criminal and civil investigation into whether it sold shoddy mortgage securities to investors in the run-up to the financial crisis, the latest legal threat to the nation’s biggest bank. via JPMorgan Reveals It Faces Criminal and Civil Inquiries – DealBook
By Securities Docket on August 7, 2013, 8:35 am
The U.S. Department of Justice on Tuesday filed suit against Bank of America Corp. and its affiliates, accusing them of lying to investors about the riskiness of residential mortgage-backed securities. In a parallel civil action, the U.S. Securities and Exchange Commission filed a lawsuit lodging similar allegations. via DOJ, SEC Accuse Bank of America of […]
By Securities Docket on April 17, 2013, 10:40 am
$500 million settlement is largest to date resolving a federal securities class action case over mortgage-backed securities.
By Securities Docket on October 3, 2012, 1:10 pm
NY AG case is first action to come out of working group created by President Obama to go after wrongdoing in the financial crisis.
By Securities Docket on July 19, 2012, 11:52 am
SEC racing against the five-year statute of limitations.
By Securities Docket on July 3, 2012, 12:07 pm
Evergreen Investment Management Company to pay $25 million to settle class action related to exposure to mortgage-backed securities.
By Securities Docket on December 7, 2011, 12:12 pm
Law firm follows $125 million settlement from Wells Fargo with $315 million deal with BofA’s Merrill Lynch.
By Securities Docket on August 9, 2011, 1:08 pm
AIG files $10 billion lawsuit against BofA alleging a “massive” mortgage fraud.