Aozora Bank, Ltd. v. J.P. Morgan Securities LLC,
No. 652159/2013 (N.Y. Sup. Ct.).
Case Overview
Status: | Status: Settled |
Related Practices: | Related Practices: Structured Finance |
Representation of Aozora Bank, Ltd. in a lawsuit involving a fraudulent CDO whose underlying collateral was represented by J.P. Morgan to be high-grade and selected by an independent collateral manager. The case alleged that J.P. Morgan secretly usurped control over portfolio selection and filled the CDO with toxic assets that J.P. Morgan wished to remove from its own books.