JPMorgan Settles $5B RMBS Suits Brought By German Banks

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On October 23, JP Morgan agreed to pay an undisclosed sum to settle cases brought by three German banks in the Supreme Court of the State of New York concerning the banks’ alleged purchase of $5 billion of RMBS. Sealink Stipulation. Bayern Stipulation. LBBW Stipulation.

Topics:  JPMorgan Chase, RMBS, Settlement

Published In: Business Torts Updates, Finance & Banking Updates, International Trade Updates, Residential Real Estate Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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