U.S. Judge Allows Investors’ MBS Class-Action Case Against JPMorgan to Proceed but Limits Suit’s Scope
October 10, 2014
A federal judge in New York has cleared the way for investors to proceed with a $10 billion class-action suit against JPMorgan in relation to the 2007 sale of non-agency MBS. Judge Paul Oetken of the U.S. District Court for the Southern District of New York, however, limited the scope of the class-action suit to JPMorgan’s liability but did not certify as to damage. Explaining his decision to narrow the scope of the suit, Oetken said...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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