Recent Posts

Lawsuit Against JPMorgan Chase Alleges 'False And Misleading Statements' Regarding Securities Trading
Posted on 17 May 2012 by Kevin M. LaCroix

In the wake of JPMorgan Chase's startling news last week of its $2 billion trading loss, and of the equaling startling statements of Jamie DImon, the bank's CEO, that the losing trades were, among other things, "flawed, complex, poorly reviewed... Read More

MF Global SIPA Trustee, JPMorgan Reach Settlement That Will Return $300 Million To Commodities Customers
Posted on 20 Mar 2013 by James Cordrey

NEW YORK - (Mealey's) The Securities Investor Protection Act (SIPA) trustee in the MF Global Inc. (MFGI) bankruptcy on March 19 announced that he had reached a settlement agreement with JP Morgan Chase Bank N.A. that will return $300 million to commodities... Read More

Borrowers Sue Over Apparent Loan Modification Mishaps
Posted on 6 Jul 2011 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) It seemed Maria Campusano's financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month. She soon learned that her troubles had just begun. Weeks... Read More

Lehman Brothers Estate Sues JPMorgan Chase
Posted on 27 May 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK — (AP) The estate of Lehman Brothers Holdings Inc. claims that JPMorgan Chase & Co. helped drive Lehman into bankruptcy by forcing it to give up billions of dollars in cash reserves that it otherwise could have used to stay afloat.... Read More

Allstate Sues Goldman Sachs Over Toxic Investments
Posted on 18 Aug 2011 by LexisNexis Litigation Resource Community Staff

(AP) Allstate Corp. is suing Goldman Sachs Group Inc. claiming the broker fraudulently sold it more than $123 million in mortgage-backed securities in 2006 and 2007, before the housing market collapse sent the investments' value plunging. The insurer... Read More

Judge Certifies Union Bank Overdraft Class Action Lawsuit
Posted on 29 Jul 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) A federal judge in Florida says customers from Union Bank can team up as a class to sue the San-Francisco-based lender over its overdraft fee policy. The case is one of about 35 from around the country consolidated in Florida. Major national... Read More