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May 29, 2014

Justice Department Urges Judge to Throw Out Better Markets Lawsuit

“The Department of Justice has responded to a lawsuit brought by the public interest group Better Markets in February challenging the Department’s $13 billion settlement with JPMorgan Chase.

“Better Markets filed the lawsuit challenging the Justice Department’s authority to unilaterally enter into the unprecedented and historic $13 billion agreement with JPMorgan Chase, which was the largest settlement with a single entity in the nation’s history by more than 300%.

“The November 2013 agreement gave JPMorgan Chase – with no judicial review or approval – blanket civil immunity for years of alleged pervasive, egregious and knowing fraudulent and illegal conduct that contributed to the 2008 financial crash and the worst economy since the Great Depression.”


Read full Corporate Crime Reporter article here

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