JP Morgan's Excess Swap-Fees Case Dismissed

Herman, Jack; Ackerman, Andrew
February 2009
Bond Buyer;2/3/2009, Vol. 367 Issue 33054, p1
Trade Publication
The article reports on the dismissal of the swap-fees case against financial services firm J. P. Morgan Chase & Co. (JPMorgan) in the U.S. The lawsuit filed by the Erie, Pennsylvania School District allenging on the overcharges made by JPMorgan on a swaps transaction has been dismissed by a fedeal judge in New York. The dismissal of the case has been based on the failure of Erie to assert a securities fraud claim against JPMorgan under its securities-based swap agreement.


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