JPMorgan Pressured to Reveal $13 Billion Accord Complaint
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JPMorgan Chase & Co. should turn over a draft complaint used as the lender negotiated a $13 billion deal to settle probes of its mortgage-bond sales and identify an employee who cooperated with the U.S. investigation, according to lawyers for a Pennsylvania bank.
The Federal Home Loan Bank of Pittsburgh, which claims its losses of more than $1 billion from JPMorgan mortgage-backed securities aren’t covered by the settlement, filed a request to force the New York-based company to comply with a judge’s order that it turn over the documents.