J.P. Morgan said to be in settlement talks over mortgage probe

Reports indicate banking giant discussing payout with multiple government entities

Following the threat of a potential suit from the Justice Department in a Calif.-based federal court, J.P. Morgan Chase & Co. is said to be entering settlement talks with the U.S. government over the misrepresentation of mortgage-backed securities that it sold between 2005-2008, the years leading up to the financial crisis.

Originally a suit was expected on Sept. 24, but as of yet no complaint has been entered. This has been taken as a sign that settlement negations are in progress though no official word has been given.

Executive Editor

author image

Chris DiMarco

Chris DiMarco, Executive Editor of InsideCounsel magazine, has a background in multimedia production with previous involvement in projects in which he developed and created content...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.