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On May 8, 2015, the Federal Home Loan Bank of Boston filed a stipulation of voluntary dismissal with prejudice of claims it levied against JP Morgan Chase & Co., the Bear Stearns Companies Inc., EMC Mortgage Corporation and other entities.
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On May 8, 2015, the Federal Home Loan Bank of Boston filed a
stipulation of voluntary dismissal with prejudice of claims it
levied against JP Morgan Chase & Co., the Bear Stearns
Companies Inc., EMC Mortgage Corporation and other entities.
FHLB Boston had filed suits seeking rescission and other damages
under Massachusetts law, alleging that the defendant banks made
material misstatements and omissions about the riskiness of the
mortgage pools underlying the securities. There was no
mention in the stipulation of whether a settlement had been
reached. Stipulation.
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