JPMorgan Inks $388 Million MBS Settlement – ValueWalk Premium
JPMorgan

JPMorgan Inks $388 Million MBS Settlement

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.


JPMorgan's settlement relates to nine 2007 MBS
The $388 million . . .

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