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J.P. Morgan sued in N.Y. over Bear Stearns mortgage securities
The New York attorney general's office filed suit Monday in the state's Supreme Court against J.P. Morgan Chase & Co., citing a broad pattern of misconduct in the sale and packaging of mortgage securities during the housing boom by the company's Bear Stearns unit, the Wall Street Journal reported.
The case is the first to be brought by the federal mortgage task force that was formed in January by the U.S. Justice Department.
IN FOCUS TODAY
Wednesday, May 22, 2013 - 6:35am
WYPR's Fraser Smith and political consultant and columnist Laslo Boyd talk about how Baltimore...
Tuesday, May 21, 2013 - 4:44am
For Baltimore businesses, this is "Clean Your Files" day, part of the city's campaign to...
Monday, May 20, 2013 - 6:35am
WYPR's Fraser Smith and Luke Broadwater of the Baltimore Sun talk about the Baltimore City...