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News
October 2, 2014

JPMorgan Faces New $10 Billion MBS Case

Ten months after JPMorgan reached a $13 billion settlement to resolve U.S. and state investigations into the bank’s sale of mortgage-backed securities, U.S. District Judge Paul Oetken in Manhattan certified a class action against the bank in a $10 billion mortgage-backed securities liability case.

Among lead counsel in the case is Robbins Geller Rudman & Dowd, whom JPMorgan requested to disqualify on the basis that the firm’s confidential source in the case has voluntarily revoked his testimony, something that has “occurred in other cases handled by the firm.”

Read the full story here.

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