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Dexia SA/NV et al v. Bear, Stearns & Co., Inc. et al
Case Number:
1:12-cv-04761
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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.
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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.
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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.
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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.
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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.