Justice Dept. Sued Over Validity Of $13 Billion Chase Mortgage Settlement

Justice Dept. Sued Over Validity Of $13 Billion Chase Mortgage Settlement

Remember back in November when JPMorgan reached the massive $13 billion settlement with the Justice Dept. over allegations tied to toxic mortgage-backed securities sold to investors before the housing market went kerflumpp? A non-profit group filed suit today against the DOJ, challenging the validity of the deal and asking for a court to review it. [More]

Tom Horton is probably not smiling so much this morning

American Airlines Trustee Looks At $20 Million Payout To Outgoing CEO, Says There’s Some Explaining To Do

Though so much of the news about American Airlines has been about its impending nuptials to more financially stable suitor US Airways, let’s not forget that the airline is still clawing its way out of bankruptcy protection. Which is why the trustee put in charge of this process thinks someone should have to explain why outgoing the American CEO is being rewarded to the tune of $19.9 million. [More]