J.P. Morgan Settles with Ambac for $995 Million
Wall Street Journal, Jan. 26, 2016–Hufford, Austen
In the latest settlement stemming from the financial crisis, J.P. Morgan Chase & Co. agreed to pay bond insurer Ambac Financial Group Inc. $995 million to settle lawsuits alleging it misrepresented the quality of mortgages backing hundreds of securities it insured.
