13M30

JPMORGAN CHASE & CO., ET AL.

V.

FEDERAL HOUSING FINANCE AGENCY

The motion for leave to intervene to file a petition for a
writ of certiorari is denied. Justice Alito took no part in the
consideration or decision of this motion.

 

REUTERS-

The U.S. Supreme Court said on Monday that banks sued by the U.S. Federal Housing Finance Agency over mortgage-backed securities that were sold to Fannie Mae and Freddie Mac cannot appeal a preliminary lower court ruling.

In 2011, the FHFA sued 18 banks, including Barclays Plc , Bank of America Corp, Deutsche Bank AG , Goldman Sachs Group Inc and JPMorgan Chase & Co, accusing them of violating securities laws by misleading Fannie and Freddie about $200 billion in mortgage-backed securities they purchased.

The Supreme Court said that banks involved in 13 lawsuits in the same U.S. district court that have yet to be settled did not have permission to seek review of a New York-based 2nd U.S. Circuit Court of Appeals decision from April.

[REUTERS]