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JPMorgan Fraud Suit Raises Stakes For Top NY Prosecutor

Law360, New York (October 2, 2012, 8:23 PM EDT) -- New York's fraud complaint against JPMorgan Chase & Co. over $22.5 billion in losses tied to Bear Stearns & Co. Inc. mortgage investment products is the most significant case brought by Attorney General Eric T. Schneiderman so far and will help define his prosecutorial legacy, experts said Tuesday.

Schneiderman's biggest litigation offensives have been small compared with the case he filed Monday, hinging on securities hawked by the doomed New York City brokerage, which JPMorgan purchased in a 2008 shotgun marriage as global financial markets teetered....
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