11th Circuit: Chase Didn't Acquire Liabilities Associated With Loans

ATLANTA - The 11th Circuit U.S. Court of Appeals in a Jan. 19 unpublished opinion upheld a district court's dismissal of a suit contending that J.P. Morgan Chase & Co. (Chase) was not entitled to collect on loans it acquired because of fraudulent inducement (Gary C. Arms, et al. v. J.P. Morgan Chase & Co., No. 11-13773, 11th Cir.; 2012 U.S. App. LEXIS 1195). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com