October 30, 2015
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.
July 31, 2015
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.