PE Firms Sue JPMorgan Over $1.78B Of Failed MBS
By Kurt Orzeck ( August 20, 2013, 8:17 PM EDT) -- JPMorgan Chase & Co. and Bear Stearns Companies LLC were sued Tuesday in New York state court by private equity firms alleging the banks didn't disclose that they were privately betting that $1.78 billion worth of mortgage-backed securities the firms bought would default shortly thereafter....
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