JP Morgan Reportedly Facing Lawsuit from U.S. Government (JPM)

According to Reuters, JP Morgan Chase (JPM) will be getting sued by the U.S. Department of Justice over mortgage bonds sold by the company prior to the 2008 housing crash.

Reuters left its sources anonymous, but stated that the lawsuit could come early this week. This latest lawsuit news comes on the heels of JP Morgan agreeing to a $920 million fine over the “London Whale” case, and after the banking giant announced in August that it was under investigation by Californian prosecutors for reasons related to its mortgage securities.

JPM shares were down $1.34 at market close on Monday. YTD, the company’s stock is up more than 18%.