JPMorgan Mortgage Fee Fraud Suit Not Barred By Settlement

Law360, New York (June 14, 2013, 7:24 PM EDT) -- A federal judge in California on Thursday rejected JPMorgan Chase & Co.'s argument that a since-amended 2011 federal settlement over problematic mortgage servicing practices barred a class action lawsuit alleging the bank fraudulently charged them unnecessary fees.

Judge Yvonne Gonzalez Rogers ruled that the Office of the Comptroller of the Currency allowed for private, third-party lawsuits who entered into the April 2011 Independent Foreclosure Review settlement when it was amended in January. Because of that, the plaintiffs have the right to bring claims related to inflated...
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