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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
05/29/201517:23:12Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201517:06:05Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201516:44:25Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201516:37:04Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201516:35:18Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201516:34:26Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201516:22:09Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201516:21:44Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201515:39:57Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201515:35:57Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201515:25:47Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201515:23:03Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201515:18:25Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201515:12:19Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201515:11:31Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201515:10:35Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201514:07:57Current Report Filing (8-k)
05/29/201514:02:39Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201513:28:25Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
05/29/201513:20:58Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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