PBS NewsHour

News Wrap: New York Files Lawsuit Against JPMorgan Chase

Clip: Season 2012 | 2m 26s

In other news Tuesday, New York Attorney General Eric Schneiderman filed a major mortgage lawsuit against JPMorgan Chase, claiming that former rival Bear Stearns -- which JPMorgan bought in 2008 -- misled the investors who bought and lost sub-prime mortgage loan securities in 2006 and 2007 after the company collapsed.

Aired: 10/02/12

Rating: NR

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