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It's been months since New York Attorney General Eric Schneiderman filed suit against JPMorgan Chase over faulty mortgage-backed securities (MBS), but the bank is now coming out of its own corner swinging. Attorneys for the bank filed a motion to dismiss in early January, arguing that because Schneiderman brought his claims under the Martin Act (an article granting New York's attorney general increased power to combat financial fraud), they are subject to a three-year statute of limitations that has already elapsed.
Read More »JPMorgan Files Motion to Dismiss RMBS Working Group Suit
