et al., New York State Supreme Court, New York County, No. The case is Bear Stearns Asset Backed Securities Trust 2005-4 vs. It is one of many lawsuits seeking to hold banks responsible for investor losses over mortgages that may have been toxic, defective or improperly underwritten. Users can reduce costs, simplify IT management, and. Our combined technologies help customers to implement a virtualized IT infrastructure, including virtual desktops and cloud-based solutions to support a seamless mobile user experience. The lawsuit was filed on Friday in the New York State Supreme Court in Manhattan, and publicly docketed on Tuesday. Citrix and EMC are building simple, efficient and cost effective virtual desktop infrastructure solutions. JPMorgan bought Bear Stearns in 2008.Ī JPMorgan spokeswoman did not immediately respond to requests for comment. For example, in September 2008, the FTC settled charges that EMC Mortgage Corporation and its parent, The Bear Stearns Companies, LLC, violated Section. US Bank also sued Bear Stearns and its former EMC Mortgage Corp. ![]() The unit of US Bancorp said it made its request at the direction of a majority certificate holder in the trust. It also said JPMorgan has refused to provide the underlying loan, as the trust documents require, so it can investigate the extent of the alleged breaches. Northern Ireland-specific medicines information for healthcare professionals and patients. wants to force JPMorgan to buy back the mortgage loans because of alleged breaches of representations and warranties regarding the Bear Stearns Asset Backed Securities Trust 2005-4, for which it serves as trustee. over alleged misrepresentations regarding the underlying mortgage loans. ![]() ![]() has been sued for $95 million by the trustee for securities marketed in 2005 by the former Bear Stearns Cos.
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