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News
June 17, 2014

Federal Appeals Court Upholds Dismissal of JP Morgan Foreclosure Cases

A federal appeals court has dismissed 58 plaintiffs’ lawyers cases against JP Morgan Chase Bank NA, in which the plaintiffs asserted that the bank had been acting “fraudulently and criminally when it foreclosed on their houses.”

BNA reports that the plaintiffs accused JP Morgan “of violating Florida’s Racketeer Influenced and Corrupt Organizations Act (RICO) statute,” however, the Florida court “said that the plaintiffs didn’t specifically allege that JP Morgan had committed any underlying crimes to trigger a RICO violation, including perjury, mail fraud and theft.”

The U.S. Court of Appeals for the Eleventh Circuit upheld the Florida court’s decision to dismiss the claims, modifying all dismissals to be without prejudice. The federal court affirmed “that the lower court couldn’t stop JP Morgan from foreclosing on plaintiffs’ houses—or from making future foreclosure proceedings—because there was nothing granting it the explicit right to do so under the federal Anti-Injunction Act.”

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