May 28, 2015
A New York federal judge signed off Wednesday on what is said to be the largest ever class action settlement revolving around the sale of mortgage backed securities, with JPMorgan Chase & Co. agreeing to plunk down $500 million to settle accusations arising from the sale of $17.58 billion in Bear Stearns Cos. securities.
January 09, 2015
JPMorgan Chase Inc. has reached a $500 million settlement with investors suing in New York federal court over $17.6 billion worth of Bear Stearns Cos. mortgage-backed securities that they say dropped precipitously in value.