JPMorgan Nailed With RMBS Suits Claiming $273M Damages

March 2, 2012

Joel H. Bernstein quoted regarding filing of residential mortgage backed securities suit against JP Morgan

"The offering materials issued by defendants ... contained material misrepresentations and omissions regarding the underwriting standards used to issue the mortgage loans that were pooled together," said the suits, which were filed by Joel H. Bernstein of Labaton Sucharow LLP and make similar claims.