JPMorgan Indemnity Claims Against Ala. County Survive

Law360, New York (August 16, 2011, 6:46 PM EDT) -- A New York state judge ruled Tuesday it was too early to dismiss JPMorgan Chase Bank NA's indemnification claims from two municipal bond insurers' lawsuits over alleged bribes the bank paid officials in embattled Jefferson County, Ala.

The bank wants Jefferson County to pay its legal costs for defending the bond insurers' lawsuits, while the county argued that those claims should only be litigated in a related suit in Alabama.

But Judge Barbara Kapnick disagreed, saying that the claims in the Alabama case were different and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.