Mississippi Pers Appointed Lead Plaintiff and Wolf Popper LLP Appointed Co-Lead Counsel In JP Morgan Mortgage-Pass Through Certificates Securities Class Action
On November 24, 2009 U.S. District Judge Edward R. Korman appointed the Public Employees' Retirement System of Mississippi ("MissPERS") as lead plaintiff, and its counsel, Wolf Popper LLP and Bernstein Litowitz Berger & Grossmann LLP, as co-lead counsel in a securities class action brought on behalf of investors who purchased or otherwise acquired beneficial interests in certain mortgage pass-through certificates offered by JPMorgan Acceptance Corp. I (“JPMAC”) and certain of its affiliates. The action seeks recovery from JPMAC, certain individual employees of JPMAC or its affiliates, JP Morgan Securities, Inc., and from the rating agencies that provided credit ratings on the securities, specifically, Moody’s Investors Service, Inc., the Standard & Poor’s division of the McGraw Hill Companies, Inc. and Fitch, Inc.