But in a move that might have greater strategic significance, Dimon also took the time to make clear that he will fight the mortgage put-back claims being pursued by big investors like BlackRock and Pimco. Dimon seems to be on a collision course with Kathy Patrick, the Houston lawyer who has deftly pursued these claims, and distinguishing himself from Brian Moynihan, who chose to settle Patrick's claims against the bank he runs, Bank of America, for $8.5 billion, the biggest legal settlement in the history of Wall Street. "We are going to fight repurchase claims that pretend the steep decline in home prices and unprecedented market conditions had no impact on loan performance or that seek to impose liabilities on us that we believe reside with third-party originators (or, in the case of WaMu securitizations, with the FDIC)," Dimon wrote. "These plaintiffs face a long and difficult road, and, as a result, litigation over these issues could take many years."