The Illinois General Assembly passed a bill on Tuesday that would reform the state's pension plan to lower future benefits for current state employees. The legislature amended the pension plan in an effort to...
Search Results for: JPMorgan Chase
Hearings begin in class action suit against Australia's largest banks
Hearings in a multi-million dollar class action suit against Australia and New Zealand Banking Group Limited (ANZ) began Monday before the Federal Court of Australia in Melbourne. More than 43,000 ANZ customers have accused [AFP...
Federal appeals court upholds dismissal of Freddie Mac lawsuit
The US Court of Appeals for the Second Circuit on Tuesday upheld the dismissal of shareholders' lawsuit against Freddie Mac alleging the company misled investors by understating its sub-prime mortgage exposure and overstating...
The Federal Housing Finance Agency (FHFA) , acting in its capacity as conservator for Freddie Mac and Fannie Mae , on Friday announced a $5.1 billion settlement with JPMorgan Chase & Co. . The FHFA alleged...
A jury in the US District Court for the Southern District of New York on Wednesday found Bank of America (BOA) liable for fraudulently making bad loans and for removing quality checks for...
JPMorgan Chase & Co. may still face potential criminal liability regardless of a tentative $13 billion deal to settle civil disputes resulting from the US government's probe into mortgage-bond sales made by the banking...
A judge for the US Bankruptcy Court for the Southern District of New York ruled Tuesday that victims of the Bernie Madoff Ponzi scheme can only recover the principal amount invested without...
US Attorneys investigating JPMorgan for violation of federal securities laws
JPMorgan Chase & Co. disclosed in its quarterly filing with the Securities and Exchange Commission on Wednesday that it is being investigated by both the civil and criminal divisions of the US Attorney's Office for...
Federal appeals court rejects Madoff victims' suit against SEC
The US Court of Appeals for the Second Circuit on Wednesday affirmed the dismissal of a suit by victims of the Bernie Madoff Ponzi scheme against the US Securities and Exchange Commission...
Federal judges allows pension lawsuit against JPMorgan to continue
Judge Katherine Forrest of the US District Court for the Southern District of New York on Wednesday denied a motion to dismiss a lawsuit brought by a pension plan against JPMorgan Chase (JPM) [corporate website; JURIST news...