JPMorgan Sued Over Mortgage Losses

JPMorgan Chase & Co. (NYSE:JPM) has been named as a defendant in a suit filed by Ambac. The suit is actually aimed at practices at Bear Stearns. JPMorgan bought Bear Stearns in 2008 and so is now seen as liable for the practices of the company previously. The lawsuit was files in the New York State . . .

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