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New York Attorney General Schneiderman Sues JPMorgan For Fraudulent Residential Mortgage-backed Securities Issued By Bear Stearns

First Legal Action Of State-Federal Residential Mortgage-Backed Securities Working Group Created By President Obama

Lawsuit Charges Bear Stearns Misrepresented Quality Of Loans, Deceived Investors & Contributed To Mortgage Crisis

Bear Stearns RMBS Trusts Incurred Billions In Losses

WASHINGTON–(ENEWSPF)–October 2, 2012.  In his role as co-chair of the Residential Mortgage-Backed Securities Working Group, Attorney General Eric T. Schneiderman today announced a Martin Act lawsuit against J.P. Morgan Securities LLC (formerly known as Bear Stearns & Co.…

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