Welcome to the JP Morgan RMBS Settlement Website
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Welcome to the JP Morgan RMBS Settlement Website

This website has been established to provide general information related to the JP Morgan RMBS Settlement. The capitalized terms used on this website, and not defined herein, shall have the same meanings ascribed to them in the Stipulation and Agreement of Settlement (the “Stipulation”) dated September 5, 2014.  This litigation is pending in the United States District Court Southern District of New York, and the case is known as J.P. Morgan Chase & CO., et al., Civil Action No. 1:09-cv-03701-JPO-JCF. The judge presiding over this case is the Honorable J. Paul Oetken, United States District Judge. The people who are suing are called "Plaintiffs," and those who are being sued are called "Defendants." In this case, the defendants are J.P. Morgan Securities, Inc. (now known as J.P. Morgan Securities LLC), J.P. Morgan Acceptance Corporation I, Brian Bernard, Louis Schioppo Jr., Christine E. Cole, David M. Duzyk, William King, and Edwin F. McMichael.

This case generally arises from the sale and/or issuance of certain residential mortgage-backed securities by J.P. Morgan entities. Plaintiffs generally alleged that the offering documents for the securities contained false and misleading statements about the underlying borrowers and collateral. Defendants deny that the offering documents contained misstatements and asserted factual and legal defenses. Eventually, an agreement to settle the action, subject to the negotiation of a complete set of settlement terms, was reached and the negotiation of the Stipulation was subsequently completed and filed with the Court on August 4, 2015.

The proposed Settlement, if approved by the Court, will apply to all persons and entities who, prior to March 12, 2009, purchased or otherwise acquired any Certificates in any of the Offerings (the “Class”).  Defendants have agreed to pay $388,000,000.00 in cash for the benefit of the Class. Lead Counsel for this matter are Robbins Geller Rudman & Dowd LLP.

Although the information in this website is intended to assist you, it does not replace the information contained in the Notice of Pendency of Class Action and Proposed Settlement and Settlement Hearing (the "Notice"), and other relevant case documents, all of which can be found and downloaded from this website. We recommend that you read the Notice and other relevant case documents carefully. 


DO NOTHING Get no payment. Remain a Class Member. Give up your rights.
REMAIN A MEMBER OF THE CLASS AND SUBMIT A CLAIM FORM POSTMARKED NO LATER THAN DECEMBER 16, 2015 This is the only way to be potentially eligible to receive a payment. If you wish to obtain a payment as a Member of the Class, you will need to file a claim form (the “Claim Form” or “Proof of Claim Form”), which is included with this Notice, postmarked no later than December 16, 2015.
EXCLUDE YOURSELF FROM THE CLASS (OPT OUT) BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN OCTOBER 7, 2015 Receive no payment pursuant to this Settlement. This is the only option that allows you to ever potentially be part of any other lawsuit against any of the Defendants or the other Released Parties concerning the Released Claims. Should you elect to exclude yourself from the Class, you should understand that Defendants and the other Released Parties will have the right to assert any and all defenses they may have to any claims that you may seek to assert, including, without limitation, the defense that any such claims are untimely under applicable statutes of limitations and statutes of repose.
OBJECT TO THE SETTLEMENT SO THAT IT IS RECEIVED NO LATER THAN OCTOBER 7, 2015 Write to the Court about your view on the Settlement, or why you don’t think the Settlement is fair to the Class. If you do not exclude yourself from the Class, you may object to the Settlement, the Plan of Allocation, or the request for attorneys’ fees and Litigation Expenses. You must still submit a Claim Form in order to be potentially eligible to receive any money from the Settlement Fund.
GO TO THE HEARING ON DECEMBER 4, 2015, AT 2:30 P.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN OCTOBER 7, 2015 Ask to speak in Court about the fairness of the Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and Litigation Expenses.


Deadline to Submit Proof of Claim: December 16, 2015
Request Exclusion from Class: October 7, 2015
File Objection to the Settlement: October 7, 2015
Court Hearing on Fairness of Settlement: December 4, 2015