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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
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05/05/201606:04:09Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/05/201606:03:32Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/05/201606:03:31Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/05/201606:03:02Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/04/201614:13:40Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/04/201612:17:53Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/04/201607:02:00Chase for Business Celebrates Small Businesses in Ringing NYSE...
05/04/201606:05:53Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/04/201606:03:31Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/04/201606:03:30Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/04/201606:03:00Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/04/201606:02:59Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/04/201606:02:59Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/04/201606:02:56Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/04/201606:02:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/04/201600:10:00Medtronic Hires New Finance Chief
05/03/201620:49:00Seven Banks Agree to Settle ISDAfix Suit -Reuters

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