HSH Nordbank sues JPMorgan and Ally over mortgage-bond losses

12/29/2011 | Bloomberg

HSH Nordbank of Germany, which sued JPMorgan Chase and Ally Financial over mortgage bonds, said offering documents contained "material misrepresentations and omissions" about the underlying loans. "Defendants' wrongdoing has led directly to plaintiffs' damages, which include loss of market value on the securities," according to HSH Nordbank.

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