JP Morgan has to face MBIA’s claims over $168m

JP Morgan must face a claim, brought by MBIA, that the bank withheld vital information that cost MBIA $168m that it had to make in payments to investors. A judge rejected JP Morgan's bid to dodge the lawsuit.

By Martin O'Sullivan (June 8, 2016, 1:14 PM EDT) -- JPMorgan Chase & Co. can't dodge accusations that Bear Stearns withheld vital information from MBIA Insurance Corp. about a mortgage-backed securities trust that went bust in the housing collapse, forcing the insurer to make $168 million in payments to investors, a New York state court said....

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