SAN DIEGO, Jul 17, 2015 (BUSINESS WIRE) — Robbins Geller Rudman & Dowd LLP announced a $388 million recovery on behalf of a class of investors in nine 2007 residential mortgage-backed securities (MBS) offerings issued by J.P. Morgan – bringing to a successful conclusion one of the last remaining MBS purchaser class actions arising out of the global financial crisis. The settlement represents, on a percentage basis, the largest recovery ever achieved in an MBS purchaser class action.
“We’re pleased with the record-setting recovery for our participants and the class,” stated Ed Smith, Fund Manager for lead plaintiff Laborers Pension Trust Fund for Northern California. “Our lawyers at Robbins Geller were tireless in their efforts, and the result is a significant victory for the class.”
justiceleague00
Justice League 