Judge rules FDIC suit against banks may continue

09/30/2013 | Bloomberg

Banks including JPMorgan Chase and Citigroup lost a bid to dismiss a Federal Deposit Insurance Corp. lawsuit over alleged misrepresentations of loans underlying mortgage-backed securities. U.S. District Judge Louis Stanton rejected arguments from the banks that the lawsuit contained insufficient claims and that it was filed too late.

View Full Article in:


Published in Brief: