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Thursday, Feb 21, 2013

Jackson Walker Represents JPMorgan Chase in Putative Class Action

On Jan. 29, 2013, Jackson Walker L.L.P. successfully represented its client, JPMorgan Chase Bank, N.A., in a putative class action case involving home equity loan modifications.

The suit, filed in the Western District of Texas, Austin Division, sought to invalidate "at least thousands" of class members' home equity loans, on the alleged grounds that the modifications violated various provisions in the Texas Constitution. United States District Judge Sam Sparks dismissed the class action complaint against JPMorgan Chase and held that home equity loan modifications did not violate the Texas Constitution. To read more about the potential implications of the decision for Texas mortgage and home equity lenders, CLICK HERE.

JPMorgan Chase was represented by a Jackson Walker team led by Gordon M. Shapiro, Brian A. Kilpatrick and Matt Dow, with assistance from James L. Pledger and Michael F. West. Jackson Walker's Financial Institution Litigation Group has extensive experience representing financial institutions in a broad range of litigation matters.


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