JPMorgan Chase sued over $481M commercial real estate loan

Wells Fargo sues JPMorgan over troubled $481 million real estate loan
Wells Fargo sued JPMorgan Chase on Monday to recover losses for investors in a $481 million commercial real estate loan that was allegedly based on a fraudulently inflated financial metric.
Wells Fargo sues JPMorgan over $481M CRE loan
JPMorgan failed to conduct due diligence on the commercial real estate loan, then quickly offloaded the risk, “taking home millions of dollars of fees in the process,” Wells asserted.
JPMorgan Chase sued over $481M commercial real estate loan - report
Wells Fargo & Company (WFC) filed a lawsuit against JPMorgan Chase (JPM) in connection with a $481M commercial real estate loan, Reuters reported, citing a complaint in the Manhattan federal court.
Wells Fargo Sues JPMorgan Chase Over $481M Chetrit Group Loan
A Wells Fargo lawsuit alleges JPMorgan and Chetrit Group knew historical net operating income reported in loan documents was "dramatically inflated."
Wells Fargo Sues JPMorgan Over Failed $481 Million Property Loan
Wells Fargo & Co. sued JPMorgan Chase & Co. over a defaulted $481 million commercial real estate loan, claiming JPMorgan allowed the loan to move forward despite knowing financial statements distributed to investors were false.
Wells Fargo sues JPMorgan $481M loan
The trustee for a group of investors alleges the debt was based on an inflated historical net operating income.
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