Litigation

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J.P. Morgan To Pay $153 Million To Settle SEC Lawsuit
Posted on 22 Jun 2011 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) J.P. Morgan Securities LLC will pay $153.6 million to settle claims brought by the Securities and Exchange Commission alleging that it misled investors "in a complex mortgage securities transaction just as the housing... Read More

Citigroup Paying $75 Million To Settle Civil Charges
Posted on 29 Jul 2010 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. The Securities and Exchange Commission announced... Read More

Countrywide Agrees To Pay $600M To Settle Lawsuits
Posted on 3 Aug 2010 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) Countrywide Financial Corp. agreed to pay $600 million to settle shareholder lawsuits in the largest payout so far from the mortgage meltdown. U.S. District Judge Mariana Pfaelzer in Los Angeles on Monday gave preliminary approval to... Read More