Daily News: March 23, 2015

Judge Dismisses Lawsuit Over $13B JPMorgan Settlement

Reuters reported a U.S. federal judge tossed out a lawsuit brought by non-profit group Better Markets that sought to block a $13 billion settlement JPMorgan Chase & Co reached with the U.S. Justice Department over shoddy mortgage loans sold to investors before the financial crisis.

Reuters said further Judge Beryl A. Howell accepted a motion by the Justice Department filed last May to dismiss the lawsuit, which argued that the group founded in 2010 to advocate for tough Wall Street reforms lacked standing to sue.

To read the entire Reuters article, click here.