TITLE

JP Morgan's Excess Swap-Fees Case Dismissed

AUTHOR(S)
Herman, Jack; Ackerman, Andrew
PUB. DATE
February 2009
SOURCE
Bond Buyer;2/3/2009, Vol. 367 Issue 33054, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36487132

 

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