Wednesday, May 16, 2012

Jpmorgan trading loss lawsuit

  • NEW YORK, May 16 (Reuters) - JPMorgan Chase Co was the target of two separate lawsuits a $4.5 billion loss during the third quarter of 2007, Merrill Lynch shocked investors by reporting a $7.
  • (Huffington Post)
  • And now for the litigation. Two JPMorgan Chase Co. shareholders have sued the bank over the $2-billion trading loss disclosed last week, the Wall Street Journal reported.
  • (Los Angeles Times)
  • JPMorgan Chase Co. (JPM) shareholders sued the bank and Chief Executive Officer Jamie Dimon in two separate suits over the company's $2 billion trading loss.
  • (Bloomberg)
  • Late last night, two separate lawsuits were filed against JPMorgan Chase Co and its Chief Operating He offered a quick, blunt apology, saying the trading loss should never have happened.
  • (Consumerist.com)
  • NEW YORK — JPMorgan Chase Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses caused the massive loss over the last month.
  • (Financial Post)
  • Late Monday, a leading shareholder law firm said it filed a federal lawsuit against JPMorgan and various bank officials over the trading loss and its effect on the banks stock price. A JPMorgan spokeswoman had no immediate comment.
  • (Reuters)
  • The key to any lawsuit will be allegations JPMorgan knew about the trading loss and failed to disclose it, leading investors to pay too much for the stock when there was information that would have clued them in to the real value.
  • (Forbes)
  • A securities fraud lawsuit filed by an Arizona trust seeks the company and billions more in lost market capitalization for JPMorgan shareholders." Mr Dimon disclosed the $2bn trading loss to investors May 10.
  • (Daily Telegraph)
  • NEW YORK -- Two shareholder suits were filed against J.P. Morgan Chase over more than $2 billion in trading losses reported by the bank last week, The Wall Street Journal said Wednesday. The lawsuits claim J.P.
  • (myfoxny.com)
  • Glancy Binkow Goldberg LLP announces that a class action lawsuit has been trades that exposed JPMorgan to significant losses.
  • (4-traders (press release))

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