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Wednesday, June 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Mortgage Meltdown

AUSTIN, Texas - J.P. Morgan et al. cost the Texas County and District Retirement System $64 million by misrepresenting residential mortgage-backed securities, the pension plan claims; click headline to see the defendants in Travis County Court.

Here are the defendants: J.P. Morgan Securities LLC (fka J.P. Morgan Securities, Inc., and as successor-in-interest to Bear, Stearns & Co., Inc.); Citigroup Global Markets Inc.; Countrywide Securities Corporation; Credit Suisse Securities (USA) LLC (fka Credit Suisse First Boston LLC); Deutsche Bank Securities Inc.; Goldman, Sachs & Co.; Merrill Lynch, Pierce, Fenner & Smith Inc. (and as successor-in-interest to Banc of America Securities LLC); Morgan Stanley & Co. LLC; RBS Securities Inc. (fka Greenwich Capital Markets Inc.); UBS Securities LLC; and WaMu Capital Corp.

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