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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
01/20/201716:36:51Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201714:57:35Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201713:41:42Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201712:00:14Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201711:36:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201711:26:06Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201711:14:44Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201710:10:23Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201710:09:12Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201710:05:26Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201709:48:31Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201709:44:45Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/20/201706:03:21Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/19/201718:23:00J.P. Morgan CEO to Get $28 Million in 2016 Compensation -- 2nd...
01/19/201718:09:00J.P. Morgan CEO to Get $28 Million in 2016 Compensation -- Update
01/19/201718:00:00J.P. Morgan CEO to Get $28 Million in 2016 Compensation
01/19/201717:01:08Statement of Changes in Beneficial Ownership (4)
01/19/201717:01:08Statement of Changes in Beneficial Ownership (4)
01/19/201717:01:08Statement of Changes in Beneficial Ownership (4)
01/19/201717:00:42Statement of Changes in Beneficial Ownership (4)

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