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Trust Sues JP Morgan's EMC Mortgage Unit Over Loan Pool Purchase -Bloomberg

DOW JONES NEWSWIRES J.P. Morgan Chase & Co. (JPM) unit EMC Mortgage was sued by a trust that formed in 2006 and bought a pool of residential mortgage loans from EMC, Bloomberg News reported Friday. EMC is a former Bear Stearns unit. SACO I Trust 2006-5 alleges EMC made "numerous breaches of representations and warranties" about the quality of the loans, Bloomberg reported. The trust is seeking damages of at least $293 million plus interest, Bloomberg reported. A J.P. Morgan spokeswoman didn't immediately a return an email from Bloomberg seeking comment. Full story at http://www.bloomberg.com/news/2012-05-25/emc-mortgage-sued-by-securitization-trust-in-new-york-2-.html -Dow Jones Newswires; 212-416-2900

Stock News for Jp Morgan Chase (JPM)
DateTimeHeadline
03/28/201516:33:28Barron's: JPMorgan could rise more than 30%
03/27/201516:58:27Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201516:58:26Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201515:31:23Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
03/27/201515:13:46Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201514:45:11Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201512:12:11Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/27/201510:31:09Today's Market: Mergers, Buybacks And Breakups Moving Stocks...
03/27/201508:45:45JPMorgan Joins as Direct Participant in LBMA Gold Price Auction
03/27/201506:57:17Reuters: Morgan Stanley's Fleming contacted about BNY Mellon...
03/27/201506:31:30Wall Street Breakfast: Markets Prepare For Yellen Speech
03/27/201506:02:15Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
03/27/201506:01:39Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
03/27/201503:28:55JPMorgan holds on to top investment banking spot
03/26/201517:46:25Judge Approves LightSquared's Restructuring Proposal -- 2nd Update
03/26/201517:18:50Judge Approves LightSquared's Restructuring Proposal -- Update
03/26/201516:25:15Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
03/26/201514:19:09Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/26/201512:41:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/26/201510:25:32Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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