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Security Interest Error Leaves JPMorgan Chase Vulnerable to Class-Action

2015-08-05 03:08:18| Automakers - Topix.net

Summary : Members of the term loan given to General Motors by JPMorgan Chase Bank are suing for gross negligence and breach of contract after an error was discovered in the original documents. A lawsuit has been filed against JPMorgan Chase & Co and their lawyers at Simpson Thacher & Bartlett LLP over the security interest on the $1.5 billion term loan the bank gave to General Motors Corp .

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Category:Automotive

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