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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (107763)10/1/2014 7:00:01 AM
From: Haim R. Branisteanu1 Recommendation

Recommended By
Fiscally Conservative

  Respond to of 218549
 
JPMorgan to face U.S. class action in $10 billion MBS case

reuters.com

A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis.

U.S. District Judge Paul Oetken in Manhattan certified a class action as to JPMorgan's liability but not as to damages, saying it was unclear how investors could value the certificates they bought, given how the market was "not particularly liquid." He said the plaintiffs could try again to certify a class on damages.

Oetken ruled 10 months after JPMorgan reached a $13 billion settlement to resolve U.S. and state probes into the New York-based bank's sale of mortgage securities.

The class consists of investors before March 23, 2009 in certificates issued from nine of 11 trusts created by JPMorgan for the April 2007 offering. The other two trusts attracted only a handful of investors, and are the subject of other lawsuits.



To: TobagoJack who wrote (107763)10/1/2014 11:44:23 AM
From: Snowshoe  Respond to of 218549
 
They are calling the HK protests an "Umbrella Revolution". This seems so... British.

:o)



To: TobagoJack who wrote (107763)10/1/2014 7:20:58 PM
From: Lazarus1 Recommendation

Recommended By
Metacomet

  Read Replies (1) | Respond to of 218549
 
Well, while you're taking liberties making cheap shots at the US.... your compadres in gas masks, armed with pepper spray, are very liberal on delivery.... without provocation.



Bombs Away!

youtube.com

The message appears to be quite clear.... DONT TALK TO THE PRESS.

am guessing that as and whenever some folks poke umbrellas at police, the police may just spray something, since shooting to kill civilians is a chargeable offence in Hong Kong as opposed to Ferguson.