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Clements, Scheetz, et al. v. JPMorgan Chase Bank, Nos. 12-cv-2179 (N.D. Cal.), 12-cv-4113 (S.D.N.Y.)

We represented homeowners who had been forced to purchase flood insurance by JP Morgan Chase, filing complaints in New York federal and state courts, alleging that Defendants violated the mortgage contracts by requiring homeowners to purchase excess flood insurance coverage and by placing this insurance through affiliated insurers in exchange for kickbacks. The court approved a $22.1 million settlement with JP Morgan Chase, that also included changes to Chase’s force placed insurance practices.

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