JPMorgan Chase & Co. is a global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. For years, the company made big profits by arranging complex investment deals involving credit derivatives for states, cities, hospitals, school districts and other entities that sell debt in the municipal bond market.
In 2007, the collapse of the subprime market and the subsequent liquidity squeeze caused many of these financing arrangements to sour, forcing countless public agencies and municipalities to come up with billions of dollars to pay for increased interest payment costs.
If you are an individual or institutional investor and have concerns or questions about your JP Morgan investments, contact Mark Maddox. We can evaluate your situation to determine if you have a claim.