JP Morgan must face a claim, brought by MBIA, that the bank withheld vital information that cost MBIA $168m that it had to make in payments to investors. The lawsuit claims that JPMorgan, which is owned by Bank of America, was aware of the fraud but did not inform investors or regulators about it.
JP Morgan must face a claim, brought by MBIA, that the bank withheld vital information that cost MBIA $168m that it had to make in payments to investors. A judge rejected JP Morgan's bid to dodge the lawsuit.