JPMorgan Chase will pay $45 million to settle whistle-blower claims by two Atlanta-area mortgage executives that the bank defrauded the federal government through a program that helped veterans refinance their homes, lawyers for the whistle-blowers said.
JPMorgan is the first of 10 of the nation’s largest banks sued in federal court in Atlanta to settle. The banks have been accused of illegally billing legal fees and other barred costs to an estimated 1.2 million veterans who refinanced their homes through the Veterans Administration.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
