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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
06/27/201615:22:27Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/27/201612:12:20Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/27/201612:10:54Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/27/201611:36:00MARKET SNAPSHOT: U.S. Stocks Plunge For Second Day After Brexit...
06/27/201611:00:00JPMorgan Chase & Co. Announces $175,000 to Help Bring 8,000 Summer...
06/27/201610:02:00MARKET SNAPSHOT: Brexit Aftermath Sends Dow 200 Points Lower
06/27/201606:04:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/27/201606:04:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/27/201606:04:14Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/27/201606:04:14Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/27/201606:04:10Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/24/201618:10:00Bank Shares Plummet Around the World, but Europe Fares Worst
06/24/201616:50:48Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/24/201616:40:00Brexit' Vote Leads to Frantic Day for Trading Desks, With Chill...
06/24/201616:26:43Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/24/201616:17:57Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/24/201616:10:31Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/24/201616:09:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/24/201615:16:20Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/24/201614:50:00European Banks Take Beating After 'Brexit' Vote -- Update

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