Chase Escapes Mortgage Interest Rate Class Action

Law360, New York (August 17, 2012, 3:55 PM EDT) -- A California federal judge on Thursday dismissed as time-barred claims for unfair business practices and fraud brought against JPMorgan Chase Bank NA by homeowners who said they'd been duped into paying higher interest rates on their adjustable-rate mortgages.

U.S. District Judge John A. Kronstadt had granted the plaintiffs — a class of up to 28,000 borrowers — leave to amend their original complaint in January to include a basis for tolling the four-year statute of limitations on their claims. But they failed to plead sufficient facts...
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Case Information

Case Title

Barbara L. Schramm et al v. JPMorgan Chase Bank, N.A. et al

Case Number



California Central

Nature of Suit

Banks and Banking


John A. Kronstadt

Date Filed

December 23, 2009

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