May 17, 2013
U.S. District Judge Jed S. Rakoff on Friday vacated an earlier decision dismissing Dexia NV/SA's suit accusing JPMorgan Chase Bank NA of selling defective residential mortgage-backed securities, saying that a New York state court should handle the Belgian bank's $774 million claim.
April 03, 2013
A New York federal judge on Wednesday dismissed all claims brought by Belgian bank Dexia NV/SA in its suit accusing JPMorgan Chase Bank NA of selling defective residential mortgage backed securities, a decision that allows JPMorgan to dodge about $774 million in alleged damages.
February 28, 2013
A New York federal judge on Tuesday explained his refusal to dismiss a suit accusing JPMorgan Chase Bank NA, Bear Stearns & Co. Inc. and Washington Mutual Bank NA of intentionally securitizing defective mortgages, citing allegations of the banks' "pervasive" misconduct in failing to follow proper underwriting standards.
February 07, 2013
JPMorgan Chase & Co. scrubbed independent reports of findings that large amounts of loans underlying residential mortgage-backed securities eventually sold to Dexia SA/NV were defective, the Belgian bank told a New York federal judge Monday.
September 13, 2012
A New York federal judge on Wednesday denied Dexia SA/NV's request to remand to state court the Belgian bank's case accusing JPMorgan Chase & Co. and others of fraud in the formation and sale of more than $1.7 billion in residential mortgage-backed securities.