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IN RE TERM LOAN LENDER CLASS ACTION LITIGATION
Case Number:
1:15-cv-06002
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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October 30, 2015
Simpson Thacher, JPMorgan Ditch Suits Over $1.5B GM Loan
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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July 31, 2015
Simpson Thacher, JPMorgan Sued Over $1.5 Billion GM Loan
JPMorgan Chase Bank NA and Simpson Thacher & Bartlett LLP have been slapped with a pair of suits by putative classes of more than 400 lenders in New York federal court, claiming they negligently authorized the termination of security interest in a $1.5 billion bankruptcy loan to General Motors LLC.