US government to sue JPMorgan in mortgage case: SourcesSubmitted by Bob-45 on Tue, 09/24/2013 - 07:02
Published: Monday, 23 Sep 2013 | 6:33 PM ET
By: Aruna Viswanatha and Emily Flitter
Adam Jeffery | CNBC
The U.S. Justice Department is preparing to sue JPMorgan Chase over mortgage bonds it sold in the run-up to the financial crisis, a sign the bank's legal troubles are not yet over.
A lawsuit, first reported by Reuters, could come as early as Tuesday, people familiar with the matter said on Monday.
JPMorgan spokesman Brian Marchiony and Justice Department spokeswoman Adora Andy Jenkins declined to comment.
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