$13B JPMorgan Settlement To Resolve Soon, Holder Says

Law360, Washington (November 4, 2013, 8:38 PM EST) -- The U.S. Department of Justice is still in talks to finalize a proposed $13 billion settlement with JPMorgan Chase & Co. over its allegedly misleading mortgage-backed securities issues and other home-loan related practices, but expects a resolution shortly, U.S. Attorney General Eric Holder said Monday.

Holder, responding to a question at a press conference about whether settlement talks had stalled following the potential deal being revealed to the public mid-October, said that talks between the DOJ and the bank regarding the settlement were still ongoing but...
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