Dexia SA/NV et al v. Bear, Stearns & Co., Inc. et al

  1. May 17, 2013

    Rakoff Gives Dexia's $774M JPMorgan MBS Suit 2nd Life

    U.S. District Judge Jed S. Rakoff on Friday vacated an earlier decision dismissing Dexia NV/SA's suit accusing JPMorgan Chase Bank NA of selling defective residential mortgage-backed securities, saying that a New York state court should handle the Belgian bank's $774 million claim.

  2. April 03, 2013

    JPMorgan Dodges Dexia's $774M RMBS Fraud Claims

    A New York federal judge on Wednesday dismissed all claims brought by Belgian bank Dexia NV/SA in its suit accusing JPMorgan Chase Bank NA of selling defective residential mortgage backed securities, a decision that allows JPMorgan to dodge about $774 million in alleged damages.

  3. February 28, 2013

    JPMorgan Can't Dodge Suit Over Alleged RMBS Misconduct

    A New York federal judge on Tuesday explained his refusal to dismiss a suit accusing JPMorgan Chase Bank NA, Bear Stearns & Co. Inc. and Washington Mutual Bank NA of intentionally securitizing defective mortgages, citing allegations of the banks' "pervasive" misconduct in failing to follow proper underwriting standards.

  4. February 07, 2013

    JPMorgan Hid Bad Loan Reports In RMBS Sales, Dexia Says

    JPMorgan Chase & Co. scrubbed independent reports of findings that large amounts of loans underlying residential mortgage-backed securities eventually sold to Dexia SA/NV were defective, the Belgian bank told a New York federal judge Monday.

  5. September 13, 2012

    Dexia Can't Kick JPMorgan RMBS Suit Back To State Court

    A New York federal judge on Wednesday denied Dexia SA/NV's request to remand to state court the Belgian bank's case accusing JPMorgan Chase & Co. and others of fraud in the formation and sale of more than $1.7 billion in residential mortgage-backed securities.

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