Alabama's Jefferson County sues JP Morgan

BIRMINGHAM, Ala. | Fri Nov 13, 2009 4:33pm EST

BIRMINGHAM, Ala. Nov 13 (Reuters) - Alabama's Jefferson County sued J.P. Morgan Securities and J.P. Morgan Chase (JPM.N) over alleged fraud related to the accumulation of its massive sewer bond debt, a senior county official said on Friday.

The county said it would also sue two former officials from JP Morgan, former Birmingham Mayor Larry Langford, lobbyist Al LaPierre and investment banker William Blount, according to Charles Wagner, assistant county attorney. (Reporting by Peggy Gargis, writing by Matthew Bigg, editing by Jim Loney and Dan Grebler)

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