September 03, 2013
JPMorgan Chase & Co. and its units including Bear Stearns & Co. Inc. agreed Friday to pay $18.3 million to settle class claims over allegedly misleading loan documents for certain adjustable-rate mortgage loans that JPMorgan unit EMC Mortgage Corp. acquired.
December 06, 2012
A California federal judge on Wednesday denied a motion by a group of banking defendants including now-defunct Bear Stearns Cos. Inc. to stay a class action brought by homeowners who allege Bear Stearns duped them into purchasing adjustable-rate mortgages.
September 27, 2012
A federal judge on Wednesday certified a class of California homeowners who claim a unit of the now-defunct Bear Stearns & Co. duped them into artfully worded adjustable-rate mortgages that stuck them with unwieldy monthly payments in the years leading up to the 2008 financial crisis.