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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
02/09/201617:02:00MARKET SNAPSHOT: U.S. Stocks End Flat After Seesaw Session Amid...
02/09/201616:56:00MARKET SNAPSHOT: U.S. Stocks End Flat After Seesaw Session Amid...
02/09/201615:50:00MARKET SNAPSHOT: U.S. Stocks Turn Positive As Materials, Health...
02/09/201615:30:36Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/09/201613:25:00MARKET SNAPSHOT: U.S. Stocks Retreat, Led By Energy Sector, As...
02/09/201612:52:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/09/201610:59:00MARKET SNAPSHOT: Tech Stocks Gain, Energy Plays Drops As Benchmarks...
02/09/201610:16:00MARKET SNAPSHOT: U.S. Stocks Struggle To Push Higher Amid Global...
02/09/201609:30:00J.P. Morgan adds ERISA Strategist Daniel Notto to Retirement...
02/09/201609:17:00Ex-J.P. Morgan Executive Fined $1 Million Over London Whale Trades...
02/09/201607:20:00U.K. Fines Ex-J.P. Morgan Executive Over 'London Whale' Trades
02/09/201606:58:00Former J.P. Morgan Executive Fined Over $1 Million by U.K. Regulator...
02/08/201610:47:00J.P. Morgan Sponsors Dubai Duty Free Tennis Championships
02/05/201617:31:29Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/05/201612:21:00Lehman and J.P. Morgan Seek Approval of $1.42 Billion Settlement...
02/05/201611:40:00ITG Chief Seeks New Path for Troubled Brokerage
02/05/201608:30:00Brooklyn Small Businesses Get Big Boost from JPMorgan Chase...
02/05/201606:11:12Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/05/201606:11:12Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/04/201617:16:19Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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