JPMorgan Inks $388 Million MBS SettlementMani
JPMorgan agreed to pay $388 million to settle a lawsuit brought by pension investors who claimed the bank misled them about the safety of the $10 billion worth of residential mortgage-backed securities.
The latest settlement was unveiled in a court filing on Friday and is still subject to approval by a judge. However, JPMorgan denied wrongdoing as part of the accord.
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.