Posted in on September 28, 2017 - $45,000,000
Cash Settlement – 11/19/2012. United States of America, ex rel, Victor Bibby and Brian Donnelly v. JPMorgan Chase, et al. U.S. District Court, Northern District of Georgia, Atlanta Division. JPMorgan Chase is the first to settle claims brought against eight banks under the False Claims Act by two whistleblowers for recovery of money on behalf of the U.S. Government. The case alleges that JPMorgan Chase, and the other banks, cheated military veterans and taxpayers out of millions of dollars by hiding illegal fees in veterans’ home mortgage refinancing transactions and then seeking to collect on void government loan guarantees. The case is still pending against several other defendants.
Jury imposes $1.7 billion verdict against Ford for F-series pickup roof collapse that killed couple. Read More.