Judge Greenlights MBS Suit Against GE, JPM
New York Supreme Court Justice Shirley Werner Kornreich has ruled that investors may pursue allegations that General Electric unit WMC Mortgage and JPMorgan Chase misrepresented the quality of loans in a $1.9 billion mortgage-backed securities trust, but limited damages to only those loans that did not meet underwriting standards.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: