According to Reuters, JPMorgan Chase (JPM) is trying to make a last-minute effort to settle a case that was to be filed on Tuesday, accusing the bank of violating U.S. laws in its sale of mortgage bonds in California.
The case, which was to be filed by U.S. prosecutors in the Eastern District of California, deals with the bank's sale of bonds backed by subprime mortgages and other risky home loans between 2005 and 2007.
