Simpson Thacher, JPMorgan Ditch Suits Over $1.5B GM Loan

By Aebra Coe (October 30, 2015, 10:29 PM EDT) -- JPMorgan Chase Bank NA and Simpson Thacher & Bartlett LLP escaped two putative class actions Friday after lenders decided to voluntarily drop their claims that the law firm and bank negligently authorized the termination of security interest in a $1.5 billion bankruptcy loan to General Motors LLC....

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