BRIEF-Los Angeles sues JPMorgan Chase over alleged discriminatory mortgage lending

Fri May 30, 2014 1:52pm EDT

May 30 (Reuters) - JPMorgan Chase & Co : * City of Los Angeles says sues JPMorgan Chase & Co alleging

discriminatory mortgage lending * Los Angeles says seeks damages for reduced property tax revenue stemming from

foreclosures caused by jpmorgan's lending * Los Angeles says seeks damages for higher cost of city services stemming from

the foreclosures

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