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County Executive Bellone's Statement on A.G. Schneiderman's Action Against JP Morgan

A.G. SCHNEIDERMAN SUES JPMORGAN FOR FRAUDULENT RESIDENTIAL MORTGAGE-BACKED SECURITIES ISSUED BY BEAR STEARNS

With one in eight mortgages either seriously delinquent or in foreclosure, Suffolk County remains the epicenter of the housing market crisis in New York State.  Attorney General Schneiderman has been steadfast in his commitment to pursue accountability for those individuals and institutions that caused so much damage to our community.  Today’s action is further evidence that his commitment to justice for Suffolk County homeowners has not wavered.

County Executive Steve Bellone

A copy of the lawsuit is available online at:

www.ag.ny.gov/sites/default/files/press-releases/2012/jpmcomplaint.pdf

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