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Volume 2014 - Number 18

May 9, 2014

Judge Gives Preliminary Approval to $280M JPMorgan Deal; Appeals Court Rejects UBS Shareholders Bid

A New York federal judge has given preliminary approval to a $280 million settlement proposed by JPMorgan Chase to investors who claimed they were misled into buying $36.8 billion of non-agency MBS, ending a long-running, consolidated class-action suit. U.S. District Judge Pamela K. Chen granted initial approval late last week to the settlement with investors led by the Public Employees’ Retirement System of Mississippi. The Mississippi pension plan sued...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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