Legal Opinion
American National Insurance v. JPMmorgan Chase & Co.
District Court, District of Columbia
Decided September 28, 2012No. Civil Action No. 2009-1743PublishedCited by 5 opinions
1Opinion of the Court
OPINION
ROSEMARY M. COLLYER, District Judge.
Bondholders of Washington Mutual Bank (“WaMu” or the “Bank”) sue JP Morgan Chase Bank and JP Morgan Chase Co. (together “JPMC”) for allegedly spreading misinformation about WaMu that caused credit raters and federal regulators to doubt the Bank’s ability to weather the financial storm of 2008. As a result of these alleged nefarious activities, JPMC was able to acquire WaMu at a fire-sale price and the bonds were rendered worthless. Plaintiffs sue JPMC for tortious interference with their bond com tracts, unjust enrichment, and breach of a…
2Cases cited45 opinions
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3Cited by5 opinions
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