JPMorgan faces foreclosure fraud suits

By Reuters
Posted Nov. 9, 2010 at 8:42 a.m.

JPMorgan Chase & Co. faces two possible class action lawsuits alleging common law fraud and misrepresentation, as well as violations of state consumer fraud statutes, the U.S. bank said in a regulatory filing Tuesday.

In September, JPMorgan temporarily halted home seizures after finding glitches in foreclosure documents. Last week, it said it planned to start refiling the foreclosure documents within weeks.

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