Huffpost Business

Investors Suing JPMorgan For $5.75 Billion Over Bad Mortgages: WSJ

Posted: Updated:
Employees chat inside the lobby of JPMorgan Chase & Co. headquarters on Park Avenue, Thursday, Sept. 19, 2013, in New York. Regulators in the U.S. and U.K. said Thursday the bank's weak oversight of its London operation has allowed traders to cover up huge losses. The bank, which will pay over $920 million in fines, has admitted that it failed to watch over trading that led to a $6 billion loss and renewed worries about serious risk-taking by major banks. (AP Photo/Kathy Willens) | AP

Investors are seeking at least $5.75 billion from J.P. Morgan Chase & Co. in a bid to recover losses from mortgage-backed securities sold to them before the financial crisis, said people familiar with the talks.

Read the whole story at Wall Street Journal