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Can Disclaimers In Transaction Documents Negate A Claim Of Reliance On Misstatements And Omissions?
By Jeffrey M. Haber On November 3, 2016, the Appellate Division, First Department revived a case against J.P. Morgan Securities LLC and JPMorgan Chase & Co., the parent company of Bear Stearns & Co. Inc. (“Bear Stearns”), that had been dismissed over losses that the plaintiff, Aozora Bank, Ltd. (“Aozora”), a Japanese lender, suffered after investing in collateralized debt obligations (“CDOs”) it claims Bears Stearns used as a “dumping ground” for its most toxic, risky assets.

Jeffrey Haber
Nov 11, 20165 min read
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