NEW YORK (Reuters) – JPMorgan Chase & Co ( JPM.N ) has agreed in principle to settle class action litigation arising from Bear Stearns’ sale of $17.58 billion of mortgage securities that proved defective in the course of the latest U.S. housing and monetary crises.
Jurisdiction is the facility or authority belonging to the courtroom. When the courtroom acts in line with such authority, that action in accordance with such authority is an train of jurisdiction. A court has jurisdiction over an UD case; when it receives the grievance and acts in accordance with such authority to take cognizance over such UD case, its motion falls under the concept of exercise of jurisdiction. When beneath the jurisdiction of the Service, the designated challenge in a case is not going to be resolved without a full concession by the taxpayer.
If the amount of the claim is 1 million, jurisdiction will … Read more