JPMorgan Seeks to Appeal Ruling on Jefferson County Bankruptcy

JPMorgan Chase & Co., along with a trustee for creditors of Jefferson County, Alabama, sought to appeal a March 4 ruling by a federal judge who rejected their demands to throw out the biggest U.S. municipal bankruptcy.

Bank of New York Mellon Corp., trustee for the county’s sewer debt, JPMorgan, which owns more than $1 billion of the sewer warrants, and other creditors filed a request for court approval to appeal the ruling simultaneously with filing notices of their intent to appeal, according to a filing yesterday in U.S. Bankruptcy Court in Birmingham, Alabama.