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>> THE NEW YORK TIMES Latest News

SEP 24, 2013 - TheStreet

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JPMorgan: Mounting Legal Tab Loser

NEW YORK (TheStreet) -- Shares of JPMorgan Chase fell 2.2% to $50.33 Tuesday as it continues to be weighed down by its legal woes. The New York Times reported late Monday that the bank may face a lawsuit from the Justice Department in California, which believes the bank violated federal securities laws in the sale of mortgage-backed securities to investors in the years leading up to the financial crisis. JPMorgan had already disclosed in a filing in August that it was responding to parallel investigations conducted by the civil and criminal divisions of the US Attorney's office for ... Read More

Tags: JPMorgan: Mounting Legal Tab Loser,  The New York Times Latest News